Table 1: GMM estimates
|
mode 1 |
mode 2 | |||||
|
Beef |
Pork |
Poultry |
Beef |
Pork |
Poultry | |
|
bf safety(t) |
-0.440** |
-0.256** |
-0.192** |
-0.213** |
-0.126** |
-0.093** |
|
(0.122) |
(0.073) |
(0.055) |
(0.077) |
(0.045) |
(0.035) | |
|
pk safety(t) |
0.297 |
0.191 |
0.136 |
0.185 |
0.114 |
0.084 |
|
(0.198) |
(0.115) |
(0.082) |
(0.125) |
(0.077) |
(0.056) | |
|
pl safety(t) |
0.174 |
0.101 |
0.074 |
0.071 |
0.043 |
0.024 |
|
(0.141) |
(0.082) |
(0.058) |
(0.113) |
(0.066) |
(0.050) | |
|
bf safety(t - 1) |
0.006 |
0.006 |
0.005 |
0.014 |
0.002 |
0.009 |
|
(0.110) |
(0.064) |
(0.047) |
(0.076) |
(0.044) |
(0.034) | |
|
pk safety(t - 1) -0.206 |
-0.128 |
-0.094 |
-0.384* |
-0.226* |
-0.176* | |
|
(0.158) |
(0.091) |
(0.065) |
(0.183) |
(0.101) |
(0.076) | |
|
pl safety(t - 1) |
-0.010 |
-0.048 |
-0.040 |
0.024 |
0.021 |
0.007 |
|
(0.142) |
(0.082) |
(0.058) |
(0.128) |
(0.073) |
(0.052) | |
|
beef |
-16.305** |
-15.611** | ||||
|
(1.115) |
(0.948) | |||||
|
pork |
-9.494** |
-5.161** |
-9.732** |
-5.874** | ||
|
(0.342) |
(0.464) |
(0.338) |
(0.304) | |||
|
poultry |
-7.475** |
-3.982** |
-3.053** |
-7.303** |
-3.932** |
-3.143** |
|
(0.308) |
(0.256) |
(0.747) |
(0.247) |
(0.277) |
(0.495) | |
|
habit |
-1.197 |
-0.250 |
-0.062 |
-1.504** |
0.046 |
0.064 |
|
(0.677) |
(0.406) |
(0.337) |
(0.585) |
(0.249) |
(0.238) | |
|
habit*D98 |
2.337* |
0.347 |
-0.048 |
2.541** |
-0.086 |
-0.206 |
|
(1.079) |
(0.357) |
(0.299) |
(0.833) |
(0.349) |
(0.246) | |
|
const |
100 |
53.231** |
41.362** |
100 |
54.261** |
40.435** |
|
(—) |
(2.834) |
(2.088) |
(—) |
(1.806) |
(1.831) | |
|
const*D98 |
-11.804 |
-1.057 |
0.820 |
-12.936** |
1.127 |
1.782 |
|
(6.349) |
(1.819) |
(2.012) |
(4.885) |
(1.800) |
(1.673) | |
|
Hansen’s J |
13.97 |
14.85 | ||||
|
LR |
22.26 |
32.63 | ||||
|
bandwith |
0 |
2 | ||||
Note: The parameters and standard errors (in parentheses) are multiplied by 100 to facilitate
presentation. *Denotes significance at the 5% level. **Denotes significance at the 1% level.
19