Model | System GMM |
L.scf | 0.49485*** |
(0.096) | |
gdp | 0.07643 |
(0.131) | |
r | 0.46685* |
(0.243) | |
e | −0.26352*** |
(0.100) | |
usgdp | −0.93589*** |
(0.357) | |
usi | 0.05852 |
(0.218) | |
VIX | −0.18442*** |
(0.044) | |
fsd | 0.00027 |
(0.000) | |
_cons | −0.03980 |
(1.381) | |
Abond-Ar (1) (p value) | 0.012 |
Abond-Ar (2) (p value) | 0.222 |
Sargan (p value) | 0.186 |