Variables | OLS | IV | Conditional IV |
---|---|---|---|
Amount of remittances sent by other siblings | 0.295*** | 0.153 | 0.0752 |
(0.0470) | (0.174) | (0.160) | |
Conditional likelihood ratio test confidence interval | [−0.32, 0.52], p value = 0.49 | ||
F-test of instruments | F(2, 327) = 6.87, p value = 0.0012 | ||
Sargan test (assuming homoscedasticity) | χ 2(1) = 2.170, p value = 0.141 | ||
Hansen’s J-statistic (assuming heteroscedasticity) | χ 2(1) = 2.22, p value = 0.136 | ||
Wu-Hausman exogeneity test | F(1327) = 0.696, p value = 0.405 | ||
Weak instrument robust tests for endogenous variableϮ | |||
Conditional likelihood ratio test | Stat (.) = 0.53, p value = 0.476 | ||
Anderson-Rubin test | χ 2(2) = 2.71, p value = 0.258 | ||
Lagrange multiplier test for the structural parameter | χ 2(1) = 0.48, p value = 0.487 | ||
J test for over-identification | χ 2(1) = 2.22, p value = 0.136 | ||
Wald testϝ | χ 2(1) = 0.77, p value = 0.38 | ||
Other explanatory variables | Yes | Yes | Yes |
N | 347 | 347 | 347 |
R-squared | 0.255 | 0.233 | 0.233 |