See J statistic for each TSLS
regression in Tables 1-5.
Panel regression results for the Baltic States, Romania and Bulgaria Dependent Variable: d[(Market share of loans), Cross-sections included: 5 (the first quarter of 1999--the second quarter of 2010) Variable TSLS
random effects effects C 0.
The second column uses a TSLS
with the percentage of the states' workforces in firms of different sizes as instruments.
Our method of adjusting for the simultaneous equation bias, like TSLS
, results in consistent but not necessarily efficient estimates.
Again, these findings were substantively identical to those from TSLS
procedures using a range of instruments.
Table 4 shows the results from TSLS
estimation of the effect of suicidal behaviors on the outcome variable for our preferred specification.
The results of the TSLS
estimation are shown in Column 4.
estimation was used to address the possibility that HMO penetration is endogenous, because OLS estimation results in inconsistent coefficient estimates when explanatory variables are endogenous (Greene 1993).
Given these results and the potential endogeneity of religious participation, marital status, and number of children, it is useful to consider the OLS regressions as well as the TSLS
regressions in evaluating the findings.
OLS and TSLS
results are available from the authors on request.
Procedure OLS OLS TSLS TSLS
[DELTA]Log Total Farm Output (a) -- -- .
These analyses yielded smaller p-values, resulting in more significant relationships than the TSLS