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Table 4 Instrumental variable test (1): Correlation test

From: Evaluating the influence of financial investment in compulsory education on the health of Chinese adolescents: a novel approach

Dep. variables

Financial investment

Explanatory variables

(1)

(2)

(3)

Instrumental variable

0.875***

0.921***

1.084***

 

(0.314)

(0.340)

(0.396)

Control variables

N

Y

Y

County (District) FE

N

N

Y

Observations

6272

6272

6272

F statistic

7.779

3.942

175.953

Adj- R2

0.087

0.135

0.363

  1. Note: (1) Values in parentheses are cluster-robust standard errors, *** p < 0.01, ** p < 0.05, * p < 0.1. (2) To save space, neither control variables nor constants are reported here. (3) The controlled variables are the same as those in Table 2