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 |