Table 2. Results of simultaneous effect of infrastructure expenditure model per capita.

Arellano–Bond dynamic panel-data estimation	Number of obs	=	3,698
Group variable: kab_kota		=	493
Time variable: Tahun
	Obs per group:
	min	=	1
	avg	=	7.501014
	max	=	8
Number of instruments = 42	Wald chi2(6)	=	1205.41
	Prob > chi2	=	0

Source: Processed secondary data, 2023