Could someone else help me on this output.
Table 4: Arellano-Bond Test for autocorrelation
Table 5: Sargan and Hansen test for checking the instruments’ validity
Is this output okay to proceed with?
Table 4: Arellano-Bond Test for autocorrelation
| Arellano-Bond test for AR(1) in first differences: | z = -0.31 | Pr > z = 0.755 |
| Arellano-Bond test for AR(2) in first differences: | z = -1.47 | Pr > z = 0.142 |
Table 5: Sargan and Hansen test for checking the instruments’ validity
| Sargan test of overid. restrictions: (Not robust, but not weakened by many instruments.) |
chi2(5) = 3.04 | Prob > chi2 = 0.694 |
| Hansen test of overid. restrictions: (Robust, but weakened by many instruments.) |
chi2(5) = 1.04 | Prob > chi2 = 0.960 |
Is this output okay to proceed with?
