[ 1,] "====================================================="
[ 2,] "2-Stage-GMM for the Dynamic Fixed-Effect Model: "
[ 3,] "y(i,t) = y(i,t-1)'gamma + x(i,t)'beta + a(i) + e(i,t)"
[ 4,] "====================================================="
[ 5,] "PARAMETERS Estimate SE t-value"
[ 6,] "====================================================="
[ 7,] "beta[ 1 ]= 0.9811 0.2971 3.302"
[ 8,] "beta[ 2 ]= -1.1420 0.2288 -4.991"
[ 9,] "Lag [ 1 ]= 0.8262 0.1035 7.983"
[10,] "====================================================="
[11,] "N*T= 375 N= 25 DF= 2 "
[12,] "R-square (differenced model): 0.5998 "
[13,] "Hansen's J-statistic (p-val): 0.0441 (0.9782) "
[14,] "Instruments according to method: 1 "
[15,] "====================================================="