First-stage regression summary statistics

Variable

R-sq. Adjusted R-sq.Partial R-sq.F (2,255) Prob > F

Ln RD

0.9560 0.9554 0.5633 164.476 0.0000

Minimum eigenvalue statistic = 164.476

Critical Values # of endogenous regressors: 1

Ho: Instruments are weak # of excluded instruments: 2

2SLS relative bias

5% 10% 20% 30%

(not available)

2SLS Size of nominal 5% Wald test

LIML Size of nominal 5% Wald test

10% 15% 20% 25%

19.93 11.59 8.75 7.25

8.68 5.33 4.42 3.92