Table 4 Instrumental Variables Test Results.
From: Climate shocks and innovation persistence: evidence from extreme precipitation
Variable | (1) | (2) | (3) |
|---|---|---|---|
Precipitation | IIP | OIP | |
Average Slope | 7.5524*** (6.91) | ||
Instrumented Precipitation | −0.6418*** (−2.82) | −0.7691** (−2.24) | |
Controls | Yes | Yes | Yes |
N | 19165 | 19165 | 19165 |
YEAR | Yes | Yes | Yes |
FIRM | Yes | Yes | Yes |
Adj_R2 | 0.568 | 0.472 | 0.474 |
F-statistic | 153.62 |
