Skip to main content
Swiss Journal of Economics and Statistics

Table 5 Covariance between the potentially endogenous covariates and the instruments

From: How does depreciations management affect subsequent fiscal performance? The case of the Swiss cantons

Variables

Misestimation

Referendum

Initiative

Rules

Instrument

Misestimation(D1)

Referendum(− 2)

Initiative(− 2)

Rules(− 2)

Covariance

0.526

0.907

0.954

0.872

  1. (− 2) denotes the second lag value of the variable whereas (D1) refers to the first difference of the variable
Back to article page