Table 2: OLS and 3SLS estimates of coefficients of (4).

Dependent Variable:
Independent Variables(A)(B)(C)

0.941.411.43
(3.55)**(6.45)**(6.51)**
−0.10
(−0.21)( )( )
0.831.461.78
(1.11)(2.24)**(2.71)**
−0.30−0.54−0.50
(−.88)(−1.80)*(−1.66)*

Notes: -ratios are in parentheses, indicates scientific notation.
**Significant at the 5 percent level.
*Significant at the 10 percent level.