| cash | 0.196** | 0.184** | 0.209** |
| (−0.069) | (−0.062) | (−0.095) | |
| L.cash | −0.089 | −0.064 | −0.185** |
| (−0.064) | (−0.06) | (0.080) | |
| services | 0.114 | 0.094 | 0.296 |
| (−0.071) | (−0.081) | (−0.186) | |
| L.services | −0.139* | −0.130* | −0.323* |
| (0.081) | (−0.074) | (−0.191) | |
| ratio1 | 0.093* | 0.008 | |
| (−0.042) | (0.009) | ||
| ratio2 | 0.021 | −0.002 | |
| (−0.035) | (0.005) | ||
| ratiogender | 0.432 | 0.513 | |
| (−2.064) | (0.461) | ||
| hdi | −0.013 | 0.341 | |
| (−0.519) | (0.638) | ||
| urbanrate | −0.006 | −0.001 | |
| (0.026) | (−0.001) | ||
| constant | 1.586*** | −1.456 | −0.719 |
| −0.082 | (0.013) | (1.296) | |
| Chi2 | 0 | ||
| AR(1)-p | 0.001 | ||
| AR(2)-p | 0.872 | ||
| Hansen-J | 0.535 |