Table 9

Instrument Tests

UnderidentificationWeak IdentificationOveridentification
Linear second stageAnderson LR-statistic: 53.779Craig-Donald Wald Fstatistic: 4.897Sargan statistic: 8.597
Embedded Imagef0.05 = 11.51Embedded Image
Double-log second stageKleibergen-Paap rk-LR-statistic: 26.811Kleibergen-Paap rk Wald F-statistic: 3.170Hansen J-statistic: 15.235
Embedded Imagef0.05 = 11.51Embedded Image