| Instruments: | Order 1 delay | GMM in system |
| Indice de diversification | 0.084* | 0.177* |
|
| (0.059) | (0.0803) |
| Observations | 1005 | 1015 |
| R-carré | 0.714 |
|
| Control variables | No |
|
| Time fixed effects | Yes |
|
| Country fixed effects | Yes |
|
| Hansen p-value | 0.326 |
|
| Observations |
| 1015 |
| Number àf countries |
| 46 |
| Wald chi2 |
| 27.81 |
| Prob > chi2 |
| 0.001 |
| Number of instruments |
| 41 |
| Sargan p-value |
| 0.33 |
| AR1 p-value |
| 0.001 |
| AR2 p-value |
| 0.510 |