industry

−0.057

−0.0087

−0.115

(0.125)

(0.138)

(0.146)

Constant

−0.389

−0.374

−0.390

2.098***

1.851***

1.881***

(0.244)

(0.244)

(0.266)

(0.311)

(0.283)

(0.281)

Observations

34

34

33

33

33

33

R-squared

0.366

0.384

0.350

0.505

0.586

0.594

Huasman test

0.013

0.016

0.003

0.698

0.847

0.957

D-W-Htest

0.023

0.030

0.006

0.732

0.868

0.964

Kleibergen-Paap rk LM test

0.003

0.012

0.009

0.003

0.004

0.009

Kleibergen-Paap rk Wald F value

10.718

8.883

9.540

10.184

10.820

9.540

8.75

8.75

8.75

8.75

8.75

8.75

Cragg-Donald Wald F value

12.081

9.992

11.528

11.829

12.196

11.528

11.59

8.75

11.59

11.59

11.59

11.59

Hansen J test

0.229

0.209

0.187

0.902

0.966

0.968

Sargan test

0.181

0.180

0.140

0.876

0.956

0.958