Table 5.
Variables | Mildly Depressed | Moderately Depressed | Severely Depressed |
---|---|---|---|
Panel A—Addressing the endogeneity of MEPI with prices of electricity and LPG | |||
MEPI | 0.562 ** | 1.494 *** | 1.867 *** |
(0.229) | (0.362) | (0.477) | |
Controls? | Yes | Yes | Yes |
First stage | |||
Ln (electricity prices) | 0.033 *** | ||
(0.006) | |||
Ln (LPG prices) | 0.014 ** | ||
(0.006) |
Note: All models in this table include all the control variables in Table 4. Standard errors in parentheses. *** p < 0.01, ** p < 0.05.