Table 7 SGMM regression result for model one
Dependent variable: lnACGDP | ||||
|---|---|---|---|---|
Method: System generalized method of moment | ||||
Variable | Coefficient | Std. Error | t-statistcs | Prob. |
C | 32.4365 | 14.2948 | 2.27 | 0.030 |
L1.lnACGDP | 0.9433 | 0.0463 | 20.35 | 0.000 |
LnCPS | 0.2194 | 0.0881 | 2.49 | 0.018 |
LnTOPN | −0.0708 | 0.1769 | −0.40 | 0.692 |
LnEXR | 0.0141 | 0.0033 | 4.21 | 0.000 |
LnINTR | −0.1230 | 0.0157 | 7.82 | 0.000 |
LnINV | −0.0973 | 0.0776 | −1.25 | 0.219 |
LnINF | −0.0368 | 0.0243 | −1.52 | 0.139 |
| Â | F-stat (8,32) = 68.84 | Prob ( F-stat)=0.000 | ||
| Â | Hansen J-Statistic=20.14 | Prob ( J-Statistic)=0.325 | ||
| Â | Arellano-Bond AR(1) = -2.32 | Prob ( AB)= 0.021 | ||
| Â | Arellano-Bond AR(2) = 0.60 | Prob ( AB)= 0.547 | ||
| Â | No. Obs = 286 | No of instruments/groups =27/33 | ||