Variables | (1) | (2) |
---|---|---|
IV-GMM | IV-GMM | |
GTI_Quan | GTI_Qua | |
HSR | 1.614*** | 2.981*** |
(3.34) | (3.49) | |
Observations | 3,432 | 3,432 |
R-squared | 0.496 | 0.300 |
Number of city code | 286 | 286 |
Control variables | Yes | Yes |
City FE | Yes | Yes |
Time FE | Yes | Yes |
Under identification test | 0.000 | 0.000 |
Weak identification test | 10.62 | 10.62 |
Hansen J statistic | 0.620 | 0.556 |