结果怎么做出来感觉好差啊,各位大神应该怎么办,求指导。
Dynamic panel-data estimation, two-step system GMM
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Group variable: province_dum Number of obs = 360
Time variable : year Number of groups = 30
Number of instruments = 21 Obs per group: min = 12
Wald chi2(4) = 1046.72 avg = 12.00
Prob > chi2 = 0.000 max = 12
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| Corrected
con | Coef. Std. Err. z P>|z| [95% Conf. Interval]
-------------+----------------------------------------------------------------
con |
L1. | .9026192 .0483508 18.67 0.000 .8078533 .9973851
|
odr | -.1652094 .1939031 -0.85 0.394 -.5452524 .2148337
ogr4 | -.1706684 .0528817 -3.23 0.001 -.2743146 -.0670223
rur | -.1281034 .0382799 -3.35 0.001 -.2031307 -.0530761
_cons | 6.763144 3.427691 1.97 0.048 .0449924 13.4813
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Instruments for first differences equation
GMM-type (missing=0, separate instruments for each period unless collapsed)
L2.L.con
Instruments for levels equation
Standard
_cons
GMM-type (missing=0, separate instruments for each period unless collapsed)
DL.L.con
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Arellano-Bond test for AR(1) in first differences: z = -2.20 Pr > z = 0.028
Arellano-Bond test for AR(2) in first differences: z = 0.69 Pr > z = 0.489
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Sargan test of overid. restrictions: chi2(16) = 32.97 Prob > chi2 = 0.007
(Not robust, but not weakened by many instruments.)
Hansen test of overid. restrictions: chi2(16) = 22.95 Prob > chi2 = 0.115
(Robust, but weakened by many instruments.)
Difference-in-Hansen tests of exogeneity of instrument subsets:
GMM instruments for levels
Hansen test excluding group: chi2(6) = 12.71 Prob > chi2 = 0.048
Difference (null H = exogenous): chi2(10) = 10.24 Prob > chi2 = 0.420


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