Table 3 Instrumental Variable 2SLS Regression Results.
From: The impact of China’s cooperative breeding program of giant pandas on Chinese inbound tourism
First Stage | Second Stage | |
|---|---|---|
pandaprogram | tourist | |
country82 | 0.411*** | |
(0.019) | ||
pandaprogram | 23.439*** | |
(1.723) | ||
Control Variables | Yes | Yes |
Country Fixed Effect | Yes | Yes |
Year Fixed Effect | Yes | Yes |
Observations | 2528 | 2528 |
R-squared | 0.049 | 0.0182 |
Anderson LM statistic | 404.82 | |
Cragg-Donald Wald F statistic | 477.43 | |
