Table 9.
2SLS estimate results.
| Variables | GI | ||
|---|---|---|---|
| DPP | 0.474∗∗∗ (0.0803) | ||
| IPP | 0.608∗∗∗ (0.0967) | ||
| EP | 0.351∗∗∗ (0.0499) | ||
| Control | Yes | Yes | Yes |
| Constant | −7.029∗∗∗ (1.369) | −9.516∗∗∗ (1.675) | −6.070∗∗∗ (1.428) |
| Obs. | 270 | 270 | 270 |
| R2 | 0.781 | 0.778 | 0.779 |
Notes: t-statistics in parentheses. ∗∗∗p < 0.01.