The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 5 GMM-2SLS estimation results for country group = 3 (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 | 8.081 (5.19) | 5.632 (5.18) | − 0.228 (− 0.27) | 0.019 (0.12) |
lnIM | − 0.361 (− 2.34) | 0.164 (2.72) | 0.023 (1.61) | |
GINI | 0.047 (0.67) | 0.061 (5.09) | − 0.002 (− 2.59) | |
GINI2 | − 0.0003 (− 0.37) | |||
dlnPOP | 9.412 (6.13) | |||
dlnPOP3_1 | − 0.313 (− 2.30) | |||
lnPCR_1 | 0.015 (0.43) | |||
dlnPCR_1 | 3.062 (1.09) | |||
lnRD_E | 0.193 (4.03) | |||
dlnRm_E | 0.224 (3.03) | |||
lnGNIPc | − 0.642 (− 5.68) | 0.725 (9.21) | ||
lnDOC | 0.315 (5.00) | |||
“R2” | 0.719 | 0.526 | 0.714 | . |
GMM C test for exogeneity | lnIM chi2(1) = 0.002 | lnGNIPc chi2(1) = 3.83* | lnIM, lnGNIPc chi2(2) = 3.96 | lnIM chi2(1) = 3.98* |
Robust F test for first-stage regressions | lnIM F(3,41) = 1.64 | lnGNIPc F(5,43) = 395.81* | lnIM F(4,44) = 4.53* lnGNIPc F(4,44) = 3.66* | lnIM F(3,42) = 0.79 |
Hansen’s J test for over-identifying restrictions | chi2(2) = 4.57 | chi2(4) = 5.64 | chi2(2) = 1.52 | chi2(2) = 1.04 |
Additional instruments | AC, AC_1, AREA | dlnGDPiv, lnGDP_iv_1, AC AC_1, POPU_1 | dlnPOP_1, lnPOPU, AC_1, AW_1 | AC, AC_1, AREA |