Research Article
Regional Convergence in Greece (1995–2005): A Dynamic Panel Perspective
Table 3
GMM estimation—NUTS III.
(a) |
| Estimates | Regression results | -stat and value |
| Constant | −0.115 (0.062) | −1.86 | 0.06 | | 0.016** (0.006) | 2.38 | 0.017 | CSF2 | 0.013* (0.002) | 5.13 | 0 | CSF3 | — | — | -squared | 0.049 | | |
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(b) |
| Estimates | Regression results | -stat and value |
| Constant | −0.036 | 0.59 | 0.55 | | 0.0084 | 1.24 | 0.21 | CSF2 | — | — | CSF3 | −0.0035 | −1.31 | 0.28 | -squared | 0.0064 | | |
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Numbers in parentheses is the standard deviation. Single asterisk (*): significance at 1%, Double asterisk (**): significance at 5%.
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