Corruption VS Entrepreneurship In Developing Countries
Table 4:
|
Different-GMM |
System-GMM |
Different-GMM |
System-GMM |
1-step |
2-step |
1-step |
2-step |
1-step |
2-step |
1-step |
2-step |
Model 1: lnENT=lnNBD |
Model 2: lnENT=lnGEI |
lnENT (-1) |
0.25*[2.62] |
0.20*[2.86] |
0.36*[2.34] |
0.32*[2.92] |
0.08*[1.95] |
0.30*[2.79] |
0.38*[2.36] |
0.29*[2.93] |
lnEDU |
-0.93*[-2.3] |
-0.38*[-1.82] |
-0.13*[-2.44] |
-0.13*[-1.72] |
-0.43*[-2.07] |
-2.63*[-2.13] |
-0.10*[-1.97] |
-0.13*[-1.73] |
lnINV |
0.59*[1.69] |
0.36*[1.84] |
0.08*[2.65] |
0.22*[1.71] |
0.37*[1.72] |
0.38*[1.69] |
0.19*[1.81] |
0.09*[1.69] |
lnGDP |
0.56*[1.97] |
0.72*[1.65] |
0.06*[1.80] |
0.08*[1.68] |
0.61*[2.54] |
0.69*[2.03] |
0.11*[2.89] |
0.17*[2.89] |
lnTRA |
0.13*[2.11] |
0.38*[2.53] |
0.24*[2.37] |
0.24*[2.33] |
0.04*[1.88] |
0.08*[1.84] |
0.09*[2.30] |
0.07*[2.40] |
lnUEM |
0.54*[2.57] |
0.05*[2.16] |
0.02*[1.80] |
0.06*[1.85] |
0.04*[2.43] |
0.05*[2.14] |
0.04*[2.43] |
0.06*[2.17] |
lnCOR |
0.84*[1.82] |
0.22*[2.19] |
0.12*[1.90] |
0.44*[2.39] |
0.42*[1.89] |
0.21*[2.19] |
0.23*[1.69] |
1.33*[2.27] |
Model Criteria |
AR(1) |
0.07 |
0.07 |
0.01 |
0.02 |
0.00 |
0.01 |
0.00 |
0.00 |
AR(2) |
0.83 |
0.69 |
0.64 |
0.63 |
0.88 |
0.83 |
0.24 |
0.21 |
Hansen Test |
0.71 |
0.98 |
0.95 |
0.95 |
0.67 |
0.67 |
0.99 |
0.99 |
Dif-Sar |
- |
- |
0.94 |
0.79 |
- |
- |
0.65 |
0.87 |
Obs. |
432 |
432 |
432 |
432 |
432 |
432 |
432 |
432 |
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