xtabond2检验结果如下,
Sargan test of overid. restrictions: chi2(116) = 135.34 Prob > chi2 = 0.106
(Not robust, but not weakened by many instruments.)
Hansen test of overid. restrictions: chi2(116) = 15.50 Prob > chi2 = 1.000
(Robust, but weakened by many instruments.)
Difference-in-Hansen tests of exogeneity of instrument subsets:
GMM instruments for levels
Hansen test excluding group: chi2(92) = 14.72 Prob > chi2 = 1.000
Difference (null H = exogenous): chi2(24) = 0.78 Prob > chi2 = 1.000
ivstyle(n)
Hansen test excluding group: chi2(115) = 14.94 Prob > chi2 = 1.000
Difference (null H = exogenous): chi2(1) = 0.56 Prob > chi2 = 0.453
这是一步系统GMM加上robust的检验结果,
请问连老师,Hansen都等于1了,没什么问题吧