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 |