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The Kleibergen–Paap rank in Table 2 indicates the Kleibergen–Paap rank Wald statistics, and it examines whether our instrumental variable is weak. The Kleibergen–Paap rank Wald statistics show that our instrumental variable is not weak even after the inclusion of many covariates as well as cluster-level initial values × time dummy as control variables. Note that our instrumental variable is the latitude × time dummy, and a cluster in the northern region has lower latitude than a cluster in the southern region because Trending national football league buffalo bills crocs Malawi is in the southern hemisphere. Top section of Table 2 shows that a cluster with higher latitude has a time trend of reforestation. Thus, a cluster with lower latitude has a time trend of deforestation, which is consistent with the past pattern of deforestation and our prediction. In Table 2, top section, column 1 shows that if a cluster’s location is 1° more north, the forest area decreases further by 3 percentage points over time than other clusters. In Table 2, columns 2–4 show that the inclusion of other control variables does not affect the first-stage results. We believe that we contribute to the previous literature in two aspects.

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