Variable;Coefficient;"Std. error";t-statistic;Prob.
"Dependent variable: INF"
RER;0.064ns;0.039;0.160;0.871
MON;–4.18e–14ns;1.22e–12;–0.030;0.973
CCI;–1.318***;0.242;–5.450;0.000
UNE;–1.354**;0.596;–2.270;0.024
Cons.;2.852***;0.231;12.320;0.000
"Adj. R2";;;;0.647
F-statistic;;;;65.630
F-prob.;;;;0.000

"Dependent variable: RUS"
INF;5.738**;2.374;2.420;0.016
US;0.513***;0.094;5.440;0.000
CHI;0.537***;0.068;7.950;0.000
OIL;0.180ns;0.132;1.370;0.171
REC;3.898*;2.172;1.800;0.073
SAN;–24.878ns;18.685;–1.330;0.183
Cons.;–21.227**;7.245;–2.930;0.003
"Adj. R2";;;;0.626
F-statistic;;;;511.470
F-prob.;;;;0.000
"Overidentification test";;;;15.837***
"Weak instruments test";;;;12.927***
"Endogeneity test";;;;4.852***