Variables | 2SLS | CMP | ||
---|---|---|---|---|
(1) | (2) | (3) | (4) | |
RCC | Â | 0.0307*** | Â | 0.0320*** |
 | (0.0052) |  | (0.0047) | |
Instrument variable | 0.9041*** (0.0068) | Â | 0.9040*** (0.0068) | Â |
Cragg-Donald Wald F | 23574.0000*** | Â | Â | Â |
Durbin-Wu-Hausman F | Â | 7.9753*** | Â | Â |
atanhrho_12 | Â | Â | Â | -0.0342*** |
Control variables | YES | YES | YES | YES |
City effects | YES | YES | YES | YES |
Constant | -0.1291** (0.0514) | 0.5748*** (0.0388) | -0.1283** (0.0514) | 0.5554*** (0.0355) |
R-squared | 0.7150 | 0.1057 | Â | Â |
Observations | 11,309 | 11,309 | 11,309 | 11,309 |