Baseline:

xtdpdsys loan gdp1 lndrr1 inf1 , lags(1) maxldep(1) twostep pre(size1) endog(roa1) endog(npl1)
artests (2)

xtdpdsys loan gdp1 roa1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(npl1) artests (2)

For liquidity

xtdpdsys loan liq1 gdp1 lndrr1 inf1 , lags(1) maxldep(1) twostep pre(size1) endog(roa1) endog(npl1)
artests (2)

xtdpdsys loan npl1 size1 gdp1 lndrr1 , lags(1) maxldep(1) twostep endog(liq1) endog(roa1) endog(inf1)
artests (2)

For capital

xtdpdsys loan cap1 gdp1 lndrr1 inf1 , lags(1) maxldep(1) twostep pre(size1) endog(roa1) endog(npl1)
artests (2)

xtdpdsys loan cap1 roa1 gdp1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(npl1) artests (2)

with interaction term

xtdpdsys loan gdp1 roa1 lndrr1 inf1 , lags(1) maxldep(1) twostep pre(size1) endog(npl1)
endog(capliq1) artests (2)

xtdpdsys loan capliq1 roa1 gdp1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(npl1) artests
(2)

with capital and liquidity

xtdpdsys loan cap1 liq1 roa1 gdp1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(npl1)
artests (2)

complete equation

xtdpdsys loan cap1 gdp1 lndrr1 roa1 inf1, lags(1) maxldep(1) twostep endog(size1) endog(capliq1)
endog(liq1,lagstruct(1,1)) endog(npl1) artests (2)

xtdpdsys loan cap1 gdp1 lndrr1 roa1 inf1, lags(1) maxldep(1) twostep pre(size1)
endog(capliq1,lagstruct(1,1)) endog(liq1) endog(npl1) artests (2)

For 2010-2016
 1. xtdpdsys loan inf1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(npl1)
endog(roa1) artests (2)
2. xtdpdsys loan inf1 liq1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(npl1)
endog(roa1) artests (2)
3. xtdpdsys loan inf1 capliq1 npl1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1)
endog(roa1) artests (2)

4. xtdpdsys loan inf1 capliq1 npl1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1)
endog(roa1) artests (2)

5. xtdpdsys loan inf1 cap1 liq1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(npl1)
endog(roa1) artests (2)

6. xtdpdsys loan inf1 liq1 cap1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(capliq1)
endog(npl1) endog(roa1) artests (2)

xtdpdsys loan cap1 size1 gdp1 roa1 lndrr1 inf1, lags(1) maxldep(1) twostep endog(npl1) artests (2)

xtdpdsys loan cap1 liq1 size1 gdp1 roa1 lndrr1 inf1, lags(1) maxldep(1) twostep endog(npl1) artests
(2)

xtdpdsys loan size1 capliq1 inf1 gdp1 roa1 lndrr1 , lags(1) maxldep(1) twostep endog(npl1) artests (2)

xtdpdsys loan liq1 capliq1 npl1 size1 gdp1 roa1 lndrr1 , lags(1) maxldep(1) twostep endog(cap1)
endog(inf1) artests (2)

xtdpdsys loan inf1 capliq1 cap1 liq1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(npl1)
endog(roa1) artests (2)

xtdpdsys loan inf1 liq1 cap1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(capliq1)
endog(npl1) endog(roa1) artests (2)

Without foreign banks:

3. xtdpdsys loan liq1 gdp1 roa1 inf1 lndrr1, lags(1) maxldep(1) twostep endog(npl1) pre(size1)
artests (2)

xtdpdsys loan roa1 cap1 gdp1 inf1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(liq1)
endog(npl1) artests (2)

to be thought on
xtdpdsys loan cap1 capliq1 npl1 gdp1 inf1 lndrr1 , lags(1) maxldep(1) twostep pre(size1) endog(roa1)
endog(liq1,lagstruct(1,1)) artests(2)

xtdpdsys loan inf1 capliq1 roa1 npl1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1)
endog(cap1,lagstruct(1,1)) endog(liq1,lagstruct(1,1)) artests (2)

2010-2016

. xtdpdsys loan cap1 gdp1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(roa1) endog(npl1)
artests (2)

. xtdpdsys loan liq1 gdp1 lndrr1 inf1, lags(1) maxldep(1) twostep pre(size1) endog(roa1) endog(npl1)
artests (2)

xtdpdsys loan liq1 gdp1 npl1 inf1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(roa1) artests
(2)

xtdpdsys loan cap1 gdp1 npl1 inf1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(roa1) artests
(2)

xtdpdsys loan gdp1 npl1 capliq1 size1 inf1 lndrr1, lags(1) maxldep(1) twostep endog(roa1) artests (2)

xtdpdsys loan gdp1 npl1 capliq1 inf1 lndrr1, lags(1) maxldep(1) twostep endog(size1) endog(roa1)
artests (2)

xtdpdsys loan cap1 liq1 size1 gdp1 npl1 lndrr1, lags(1) maxldep(1) twostep endog(roa1) endog(inf1)
artests (2)

xtdpdsys loan capliq1 size1 gdp1 inf1 npl1 lndrr1, lags(1) maxldep(1) twostep endog(cap1)endog(liq1)
endog(roa1,lagstruct(1,1)) artests (2)
Specialized Bank data:

xtdpdsys loan inf1 cap1 npl1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(roa1)
endog(capliq1,lagstruct(1,1)) endog(liq1,lagstruct(1,1)) artests (2)

xtdpdsys loan inf1 liq1 npl1 gdp1 lndrr1, lags(1) maxldep(1) twostep pre(size1) endog(roa1)
endog(cap1,lagstruct(1,1)) artests (2)