| 4.25e−16 | 7.33e−15 | 7.68e−15 | 6.90e−15 |
| 4.32e−13 | 1.89e−13 | 1.30e−13 | 4.59e−13 |
| 1.45e−13 | 1.66e−13 | 1.65e−13 | 1.05e−13 | |
GE |
|
| −1.19e−15** | 2.96e−15*** | −3.57e−15*** |
|
| −3.53e−14*** | 1.86e−14** | −1.52e−13** |
|
| −3.69e−14*** | 1.50e−14 | −3.84e−14*** |
|
| 5.33e−16 | 7.50e−16 | 5.70e−16 |
|
| 9.47e−15 | 7.02e−15 | 5.20e−14 |
|
| 8.23e−15 | 9.35e−15 | 9.02e−15 | |
HC |
|
|
| 1.00e−14*** | 2.23e−15 |
|
|
| −1.04e−13*** | −1.71e−13 |
|
|
| −1.10e−13** | −7.46e−14** |
|
|
| 2.90e−15 | 1.75e−15 |
|
|
| 3.27e−14 | 1.25e−13 |
|
|
| 5.48e−14 | 2.68e−14 | |
RI |
|
|
|
| −2.55e−15* |
|
|
|
| 2.23e−14 |
|
|
|
| −3.50e−14** |
|
|
|
| 9.86e−16 |
|
|
|
| 8.26e−14 |
|
|
|
| 1.40e−14 | |
Observations | 182 | 182 | 182 | 154 | 182 | 182 | 140 | 182 | 182 | 154 | 182 | 182 | 182 | 168 | 182 |
AR (1) | −6.36 (0.000) | −6.06 (0.000) | −5.680.000) | −16.11 (0.000) | −6.81 (0.000) | −6.02 (0.000) | −5.36 (0.000) | −4.58 (0.000) | −8.33 (0.000) | −11.00 (0.000) | −6.79 (0.000) | −6.45 (0.000) | −7.28 (0.000) | −9.95 (0.000) | −5.01 (0.000) |
AR (2) | −0.92 (0.356) | −1.48 (0.138) | −2.83 (0.005) | 2.58 (0.010) | −2.29 (0.022) | −1.12 (0.264) | −0.40 (0.688) | −0.68 (0.000) | −0.18 (0.853) | 1.60 (0.110) | 0.56 (0.573) | −1.07 (0.286) | −2.55 (0.011) | 2.98 (0.003) | −2.72 (0.007) |
Sargan | 174.01 (0.320) | 176.79 (0.234) | 195.22 (0.038) | 123.72 (0.211) | 188.39 (0.050) | 192.78 (0.076) | 207.38 (0.000) | 197.21 (0.338) | 164.47 (0.019) | 154.65 (0.002) | 160.44 (0.604) | 176.58 (0.238) | 180.75 (0149) | 155.19 (0.124) | 193.38 (0.029) |
Number of instruments | 182 | 182 | 182 | 154 | 182 | 182 | 140 | 182 | 182 | 154 | 182 | 182 | 182 | 168 | 182 |
Number of group | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |