Table 6 Estimation results of the 2SLS method.
From: Urbanization and the excess mortgage risk – an optimal mortgage model
Variables | (1) | (2) | (3) |
|---|---|---|---|
\({\left(\frac{{EK}}{Y}\right)}_{{it}}\) | pit | \({\left(\frac{{EK}}{Y}\right)}_{{it}}\) | |
Urbanizationit | 1.4398*** (0.1615) | 1.4429*** (0.0606) | 0.8564*** (0.1670) |
pit | 0.4043*** (0.0724) | ||
iit | −0.0606*** (0.0078) | −0.0878*** (0.0022) | −0.0251** (0.0100) |
hit | 0.0769*** (0.0225) | 0.0026 (0.0052) | 0.0759*** (0.0223) |
rpit | −0.1876*** (0.0182) | 0.4959*** (0.0064) | −0.3881*** (0.0438) |
R2 | 0.0680 | 0.9499 | 0.0781 |
Observations | 3875 | 3875 | 3875 |
No. of provinces | 25 | 25 | 25 |
