Variables | Model 1 HC1 | Model 2 HC2 | Model 3 PGap |
AB | −0.0245** | −0.0477*** | −0.0182*** |
(0.0121) | (0.00451) | (0.00142) | |
LN | −0.197** | −0.0886*** | −0.0160*** |
(0.0865) | (0.0324) | (0.00102) | |
AGR | −0.833*** | −0.0490 | −0.0327 |
(0.279) | (0.104) | (0.0330) | |
CPI | −0.0255 | −0.00300 | −0.00290 |
(0.0190) | (0.00710) | (0.00224) | |
POP | 1.095*** | 0.229** | 0.0687* |
(0.310) | (0.116) | (0.0367) | |
EDU | −0.163* | −0.344* | −0.152** |
(0.517) | (0.0193) | (0.0611) | |
RPOP | −0.438 | 0.165 | 0.0295 |
(0.495) | (0.186) | (0.0589) | |
GDPPC | 0.0900*** | 0.00182*** | −0.00177*** |
(0.0056) | (0.00249) | (0.00788) | |
AL | −1.683*** | −0.812*** | −0.312*** |
(0.613) | (0.230) | (0.0727) | |
TR | −1.290 | 0.547 | 0.208 |
(1.172) | (0.442) | (0.140) | |
HE | −0.0737 | −0.0513*** | −0.0159*** |
(0.0339) | (0.0127) | (0.00401) | |
FDI | 0.0634 | −0.000597 | −0.00972 |
(0.226) | (0.0847) | (0.0268) | |
Observations | 186 | 186 | 186 |
F-test | 19.9*** | 17.67*** | 15.1*** |
R-squared | 0.527 | 0.550 | 0.504 |
Weak identification test (Cragg-Donald Wald F-stat) | 22.32*** | 23.21*** | 21.33*** |
Over identification test (Sargan p-value) | 0.224 | 0.299 | 0.589 |
Under identification test (Anderson p-value) | 0.0005 | 0.0002 | 0.0002 |
Number of cid | 6 | 6 | 6 |