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Table 4 Generalized method of moments estimates with instrumental variables

From: Assessing drivers of export orientation in the subsea oil and gas industry

  Model 1 Model 2
Intercept 3.671*** (0.561) 1.640*** (0.145)
Innovation 1.269** (0.423)  
Majority international ownership   1.846** (0.583)
Wald Chi square 8.99** 10.03**
First-stage regression partial R-square 0.336 0.376
F value 15.24*** 11.84***
Hansen’s J Chi square (p value in parentheses) 0.603 (0.438) 0.045 (0.831)
N 67 57
  1. Regression estimates with robust standard errors in parentheses. Dependent variable: subsea export.
  2. * p < 0.05, ** p < 0.01, *** p < 0.001, two-tailed tests.