Table 6 Gaussian copula approach for Assessment of endogeneity.
Model1 | Model2 | Model3 | ||||
---|---|---|---|---|---|---|
Panel A | ||||||
Dependent variable:SCO | Coeff | p-values | Coeff | p-values | Coeff | p-values |
SSM* | −0.004 | 0.989 | 0.04 | 0.929 | ||
SPM* | 0.033 | 0.828 | −0.034 | 0.832 | ||
Panel B | ||||||
Dependent variable:EMP | Coeff | p-values | Coeff | p-values | Coeff | p-values |
SSM* | −0.392 | 0.26 | −0.357 | 0.355 | ||
SPM* | −0.124 | 0.395 | −0.048 | 0.768 | ||
Panel C | ||||||
Dependent variable:OPE | Coeff | p-values | Coeff | p-values | Coeff | p-values |
SSM* | 0.102 | 0.791 | 0.101 | 0.812 | ||
SPM* | 0.022 | 0.894 | 0.00 | 0.998 | ||
Panel D | ||||||
Dependent variable:ECO | Coeff | p-values | Coeff | p-values | Coeff | p-values |
SSM* | −0.148 | 0.679 | 0.125 | 0.539 | ||
SPM* | 0.073 | 0.671 | −0.24 | 0.558 |