,
, First-stage results: Instrument used 2, vol.1, pp.29-43
, Significant at 10%
,
Dummy variables had been omitted due to a risk of colinearity which has made convergence of the optimization algorithms impossible. Coefficients are after correction of heteroscedasticity. The instrument used is the Gross National Product per capita, Significant at 1%. Standard errors are between brackets. ( ,
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