|
| Residuals estimated by IV |
| Ln(TFPinit) | 0.003204 (0.628) |
| LANDLOCK | 0.004468 (0.457) |
| LANDLOCK*RENT | −0.000522 (−0.623) |
| FDILAG | 0.000164 (0.061) |
| FDILAG*RENT | 0.000109 (−0.000) |
| EXR | −0.000230 (−0.788) |
| RENT | 0.000144 (0.399) |
| Ln(TRADE) | −0.001876 (−0.354) |
| Ln(CREDIT) | −0.000424 (−0.131) |
| Ln(INFLATION) | −0.000148 (−0.057) |
| POPGR | −0.047808 (−0.177) |
| R2 | 0.018 |
| Observations | 59 |