Variable | Model (5) | Model (6) | ||
---|---|---|---|---|
CUP1 | CUP1 | CUP2 | CUP1 | |
L.CUP1 | 0.4794*** | 0.2941*** | 0.5274*** | 0.2545*** |
(0.0592) | (0.0697) | (0.0461) | (0.0627) | |
Med_vst | 0.2387* | 0.5421** | − 0.2271** | − 0.2322 |
(0.1345) | (0.1711) | (0.0849) | (0.1601) | |
Medical | 0.0125*** | − 0.0192*** | ||
(0.0035) | (0.0041) | |||
Treat2 | − 0.0035** | 0.0029** | ||
(0.0011) | (0.0012) | |||
Gender | 0.0041 | − 0.0336 | − 0.0010 | − 0.0377 |
(0.0532) | (0.1197) | (0.0388) | (0.0698) | |
Edu | 0.0982 | 0.1506 | − 0.0421 | − 0.1321** |
(0.0763) | (0.0938) | (0.0493) | (0.0641) | |
Marry | − 0.0654 | − 0.1073 | − 0.1068** | − 0.0916 |
(0.0726) | (0.1029) | (0.0515) | (0.0698) | |
Unemp | 0.5502** | 0.2539 | − 0.4360** | − 1.1715* |
(0.1969) | (0.8305) | (0.1583) | (0.7065) | |
H_size | 1.6030 | 2.3572* | − 1.6778** | − 1.7073 |
(1.0612) | (1.3309) | (0.7433) | (1.3404) | |
Dpd_ratio | 0.0141 | 0.0229 | 0.0286 | − 0.0040 |
(0.0292) | (0.0580) | (0.0253) | (0.0344) | |
Urban | − 0.0403** | − 0.0573* | 0.0467*** | 0.0669** |
(0.0192) | (0.0295) | (0.0118) | (0.0228) | |
Social security | − 0.1325*** | − 0.1513*** | 0.0580** | 0.0624* |
(0.0239) | (0.0288) | (0.0199) | (0.0358) | |
Tertiary_gdp | − 0.0250 | − 0.0637 | − 0.0356 | − 0.0407 |
(0.0576) | (0.0743) | (0.0397) | (0.0283) | |
Agri_gdp | − 0.0170 | 0.0186 | − 0.0441 | − 0.1041* |
(0.0530) | (0.0898) | (0.0329) | (0.0609) | |
Fixed_asset | 0.0924*** | 0.1064*** | − 0.0359*** | − 0.0193* |
(0.0202) | (0.0245) | (0.0094) | (0.0112) | |
_cons | 30.3713** | 47.3554** | 29.9820** | 46.9057** |
(12.1372) | (20.3080) | (11.3477) | (15.8400) | |
N | 521 | 521 | 521 | 521 |
Arellano-Bond AR(1) Test | − 4.43*** | − 4.22*** | − 3.22*** | − 3.08*** |
Arellano-Bond AR(2) Test | − 0.48 | − 1.28 | 0.86 | 0.95 |
Hansen overidentification test | 29.45 | 28.09 | 30.32 | 28.187 |