Table 7.
lnLE models with GNIPc groups (p values in parentheses)
| Group 1 N = 77, T = 19 |
FE1 | FE1W/TR | LD2,3IV | KR5PRE |
|---|---|---|---|---|
| C |
1.309 (0.022) |
0.503 (0.000) |
– |
0.013 (0.122) |
| lnLE−1 |
0.655 (0.000) |
0.872 (0.000) |
0.617 (0.001) |
0.025 (0.532) |
| lnHE_priv |
0.004 (0.029) |
− 0.0001 (0.177) |
0.003 (0.212) |
0.043 (0.000) |
| lnHE_pub |
0.004 (0.014) |
0.001 (0.009) |
0.004 (0.260) |
0.014 (0.065) |
| lnPCR |
0.023 (0.019) |
0.006 (0.000) |
0.021 (0.060) |
0.104 (0.001) |
| lnRDE |
0.006 (0.028) |
0.001 (0.000) |
0.006 (0.068) |
0.012 (0.044) |
| DW value | 2.42 | 1.84 | – | – |
| Group 2 N = 118, T = 19 |
FE1 | FE1W/TR | LD2,4IV | KR6PRE |
|---|---|---|---|---|
| C |
0.796 (0.000 |
0.426 (0.000) |
– |
− 0.021 (0.032) |
| lnLE−1 |
0.806 (0.000) |
0.899 (0.000) |
0.781 (0.000) |
0.746 (0.000) |
| lnHE_priv |
0.001 (0.152) |
0.0005 (0.004) |
0.021 (0.351) |
0.012 (0.033) |
| lnHE_pub |
0.005 (0.01) |
0.0006 (0.003) |
0.005 (0.026) |
0.063 (0.061) |
| lnPCR |
− 0.000 (0.970) |
0.000 (0.671) |
− 0.002 (0.897) |
− 0.026 (0.152) |
| lnRDE |
0.002 (0.000) |
0.0003 (0.001) |
0.0014 (0.001) |
− 0.024 (0.069) |
| DW value | 1.84 | 1.69 | – | – |
1SEs calculated with White’s cross-section method
2SEs adjusted for cross-section clusters
3Instruments: lnLE(− 6), lnHE_priv(− 5), lnHE_pub(− 5), lnPCR(− 5), lnRDE(− 5), res(− 1 to − 4)
4Instruments: lnLE(− 16), lnHE_priv(− 15), lnHE_pub(− 15), lnPCR(− 15), lnRDE(− 15), res(− 1 to − 14)
5Instruments: ΔlnLE(− 1), lnHE_priv(− 1 to − 2), lnHE_pub(− 1 to − 2), lnPCR, lnRDE, constant
6Instruments: ΔlnLE(− 1), ΔlnHE_priv(− 1), ΔlnHE_pub(− 1), lnPCR, lnRDE, constant