Table 2: Hausman tests of endogeneity.

Coefficient of residuals valuesHo: nonexistence of endogeneity

I−0.5120.023**Reject
II−0.3140.021**Reject
III−0.3260.042**Reject

bmod2Coefficient of residuals valuesHo: nonexistence of endogeneity

I−0.7230.072*Reject
II−0.6250.006***Reject
III−0.1290.007***Reject

***Indicates significance at the 1 percent level.
**Indicates significance at the 5 percent level.
*Indicates significance at the 10 percent level.