| (0.002) | (0.298) | (0.002) | (0.502) | |||
| Estimators | FE | DGMM | SGMM | FE | DGMM | SGMM |
| AR2 | 0.15 | 0.07 | 0.07 | 0.58 | ||
| Sargan test | 0.04 | 0.03 | 0.00 | 0.03 | ||
| Hansen test | 0.29 | 0.34 | 0.22 | 0.15 | ||
| T test | 0.00 | 0.00 | 0.00 | |||
| r2 | 0.41 | 0.48 | ||||
| N | 5102 | 4997 | 5102 | 5102 | 4997 | 5102 |