Table 6 Estimation results of the model with instrumental variable.
Variables | (1) | (2) |
|---|---|---|
CI | EI | |
IV | 0.0745** (2.05) | |
CI | −0.0988* (−1.85) | |
PT | 0.3973* (1.71) | −0.7779* (−1.73) |
CI × PT | −0.0746* (−1.71) | −0.3994* (−1.73) |
Control | Yes | Yes |
Constant | Yes | Yes |
Observations | 270 | 270 |
Method | FE-2SLS | FE-2SLS |