Appendix - Direct and Indirect Effects of Fiscal Decentralization on Economic Growth
Appendix - Direct and Indirect Effects of Fiscal Decentralization on Economic Growth
Author(s): Nebojša Stojčić, Meri Šuman-TolićSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Summary/Abstract: The most important issue with dynamic panel estimators is choice of instruments. The validity of instruments can be examined with Sargan/Hansen tests for over identifying restrictions. The null hypothesis in Hansen test is that the over identifying restrictions are valid. As it can be seen from tables below both tests support selection of instruments and allow us to proceed with further testing.
Journal: Ekonomický časopis
- Issue Year: 67/2019
- Issue No: 03
- Page Range: 1-5
- Page Count: 5
- Language: English