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Table 6 Weak identification test: Anderson canon. Corr. LM statistic

From: Fintech, regtech, and financial development: evidence from China

LM statistic

P value

Outcome

143.125***

0.0000

Reject \({\mathrm{H}}_{0}\)

  1. \({\mathrm{H}}_{0}\)- the model is underidentified
  2. ***Significance at the 1% level