Skip to main content

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 3 GMM-2SLS estimation results for country group = 1 (robust t values in parenthesis, N = 50, 5% or less significance level results with italics, 5% or less significance level test values are indicated by *)

From: Health, inequality and income: a global study using simultaneous model

Variable

lnGNIPc

lnIM

lnHEc

dlnGNIPc

Constant

8.714 (2.69)

6.233 (8.65)

− 3.747 (− 1.29)

− 0.283 (− 1.60)

lnIM

− 1.320 (− 1.97)

 

0.894 (1.50)

0.052 (1.54)

GINI

0.162 (2.57)

− 0.003 (− 0.58)

  

GINI_1

   

− 0.0009 (− 1.90)

GINI2

− 0.0014 (− 2.46)

   

dlnPOP

   

0.009 (0.03)

dlnPOP_1

5.295 (2.13)

   

lnPCR_1

− 0.267 (− 1.23)

  

0.036 (2.79)

lnRD_E_1

0.088 (2.09)

   

dlnRD_E

   

0.302 (6.40)

lnGNIPc

 

− 0.178 (− 2.06)

0.777 (2.02)

 

lnAW

 

− 0.301 (− 2.07)

  

lnPOPU

 

0.150 (1.89)

  

lnDOC

  

0.239 (2.36)

 

“R2

0.081

0.243

0.309

0.364

GMM C test for exogeneity

lnIM

chi2(1) = 2.19

lnGNIPc

chi2(1) = 0.006

lnIM, lnGNIPc

chi2(2) = 2.24

lnIM

chi2(1) = 1.86

Robust F test for first-stage regressions

lnIM

F(4,40) = 1.97

lnGNIPc

F(4,42) = 126.97*

lnIM

F(4,44) = 3.19*

lnGNIPc

F(4,44) = 3.32*

lnIM

F(2,43) = 4.19*

Hansen’s J test for over-identifying restrictions

chi2(3) = 3.04

chi2(3) = 5.25

chi2(2) = 5.24

chi2(1) = 1.63

Additional instruments

AC, AC_1, lnAREA, AW_1

lnGDP_iv, lnGDP_iv_1, dlnGDP_iv_1

AC_1, AW_1

AC_1, AW_1