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Corruption VS Entrepreneurship In Developing Countries

Table 5:

Different-GMM System-GMM Different-GMM System-GMM
1-step 2-step 1-step 2-step 1-step 2-step 1-step 2-step
Robust Model 1: lnENT=lnNBD Robust Model 2 lnENT=lnGEI
lnENT (-1) 0.42*[1.86] 0.11*[1.66] 0.78*[2.19] 0.91**[2.83] 0.12*[1.87] 0.12*[1.88] 0.11*[1.66] 0.56*[2.03]
lnCOR 0.29*[1.83] 0.25*[2.29] 0.55*[1.89] 0.53*[2.06] 0.08*[2.33] 0.10*[2.34] 0.41*[1.72] 0.98*[1.69]
Model Criteria
AR(1) 0.00 0.00 0.06 0.08 0.00 0.00 0.01 0.00
AR(2) 0.17 0.16 0.25 0.27 0.19 0.21 0.21 0.13
Hansen Test 0.16 0.16 0.39 0.39 0.195 0.195 0.26 0.26
Dif-Sar - - 0.93 0.94 - - 0.97 0.97
Obs. 432 432 432 432 432 432 432 432
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