Research Article

Regional Convergence in Greece (1995–2005): A Dynamic Panel Perspective

Table 3

GMM estimation—NUTS III.
(a)

EstimatesRegression results -stat and value

Constant−0.115 (0.062)−1.860.06
0.016** (0.006)2.380.017
CSF20.013* (0.002)5.130
CSF3
-squared0.049

(b)

EstimatesRegression results -stat and value

Constant−0.0360.590.55
0.00841.240.21
CSF2
CSF3−0.0035−1.310.28
-squared0.0064

Numbers in parentheses is the standard deviation. Single asterisk (*): significance at 1%, Double asterisk (**): significance at 5%.