Table 2 Robustness results using Tobit...

Table 2

Robustness results using Tobit

ACES	GOV	CORR	GE	POL	RQ	RL	VA
RMIT	−0.236 (0.183)	−0.001 (0.123)	0.031 (0.128)	−0.167 (0.134)	0.192 (0.169)	0.131** (0.056)	−0.006 (0.151)
DCPS	0.135** (0.056)	0.139** (0.056)	0.11** (0.054)	0.135** (0.056)	0.114** (0.054)	−0.006 (0.015)	0.119** (0.055)
FPI	−0.005 (0.015)	−0.009 (0.015)	−0.008 (0.014)	−0.005 (0.015)	−0.009 (0.015)	0.031 (0.063)	−0.008 (0.015)
GDP	0.034 (0.063)	0.046 (0.063)	0.046 (0.063)	0.034 (0.063)	0.036 (0.063)	0.057 (0.016)	0.039 (0.063)
ICT	0.055*** (0.016)	0.054*** (0.016)	0.057*** (0.015)	0.055*** (0.016)	0.056*** (0.016)	0.057*** (0.016)	0.05*** (0.016)
GOV	1.665 (1.238)
RMIT*GOV	0.144 (0.154)
CORR		1.494 (2.013)
RMIT*CORR		0.483** (0.227)
GE			2.585 (2.057)
RMIT*GE			0.494** (0.223)
POL				1.746 (1.298)
RMIT*POL				0.151 (0.162)
RQ					−0.101 (2.025)
RMIT*RQ					0.689** (0.3)
RL						0.681 (2)
RMIT*RL						0.426** (0.202)
VA							3.014 (2.122)
RMIT*VA							0.178 (0.248)
Constant	13.426*** (3.533)	14.321*** (3.643)	16.018*** (3.776)	14.227*** (3.545)	13.956*** (3.855)	14.304*** (3.743)	15.238*** (3.758)
sigma_u	19.511*** (2.385)	19.183*** (2.37)	19.356 (2.2367)	19.511 (2.385)	20.199*** (2.449)	19.721*** (2.439)	19.413*** (2.375)
sigma_e	8.644*** (0.399)	8.618*** (0.398)	8.561 (0.395)	8.644 (0.399)	8.569*** (0.395)	8.604*** (0.398)	8.66*** (0.4)
Mean dependent var	17.269	17.269	17.269	17.269	17.269	17.269	17.269
Number of obs	280	280	280	280	280	280	280
Prob > χ²	0.000	0.000	0.000	0.000	0.000	0.000	0.000
SD dependent var	24.350	24.350	24.350	24.350	24.350	24.350	24.350
Chi-square	34.182	37.094	40.102	34.182	36.174	35.803	33.717
Akaike crit. (AIC)	2618.500	2165.733	2163.223	2168.500	2166.999	2167.120	2169.003

ACES	GOV	CORR	GE	POL	RQ	RL	VA
RMIT	−0.236 (0.183)	−0.001 (0.123)	0.031 (0.128)	−0.167 (0.134)	0.192 (0.169)	0.131** (0.056)	−0.006 (0.151)
DCPS	0.135** (0.056)	0.139** (0.056)	0.11** (0.054)	0.135** (0.056)	0.114** (0.054)	−0.006 (0.015)	0.119** (0.055)
FPI	−0.005 (0.015)	−0.009 (0.015)	−0.008 (0.014)	−0.005 (0.015)	−0.009 (0.015)	0.031 (0.063)	−0.008 (0.015)
GDP	0.034 (0.063)	0.046 (0.063)	0.046 (0.063)	0.034 (0.063)	0.036 (0.063)	0.057 (0.016)	0.039 (0.063)
ICT	0.055*** (0.016)	0.054*** (0.016)	0.057*** (0.015)	0.055*** (0.016)	0.056*** (0.016)	0.057*** (0.016)	0.05*** (0.016)
GOV	1.665 (1.238)
RMIT*GOV	0.144 (0.154)
CORR		1.494 (2.013)
RMIT*CORR		0.483** (0.227)
GE			2.585 (2.057)
RMIT*GE			0.494** (0.223)
POL				1.746 (1.298)
RMIT*POL				0.151 (0.162)
RQ					−0.101 (2.025)
RMIT*RQ					0.689** (0.3)
RL						0.681 (2)
RMIT*RL						0.426** (0.202)
VA							3.014 (2.122)
RMIT*VA							0.178 (0.248)
Constant	13.426*** (3.533)	14.321*** (3.643)	16.018*** (3.776)	14.227*** (3.545)	13.956*** (3.855)	14.304*** (3.743)	15.238*** (3.758)
sigma_u	19.511*** (2.385)	19.183*** (2.37)	19.356 (2.2367)	19.511 (2.385)	20.199*** (2.449)	19.721*** (2.439)	19.413*** (2.375)
sigma_e	8.644*** (0.399)	8.618*** (0.398)	8.561 (0.395)	8.644 (0.399)	8.569*** (0.395)	8.604*** (0.398)	8.66*** (0.4)
Mean dependent var	17.269	17.269	17.269	17.269	17.269	17.269	17.269
Number of obs	280	280	280	280	280	280	280
Prob > χ²	0.000	0.000	0.000	0.000	0.000	0.000	0.000
SD dependent var	24.350	24.350	24.350	24.350	24.350	24.350	24.350
Chi-square	34.182	37.094	40.102	34.182	36.174	35.803	33.717
Akaike crit. (AIC)	2618.500	2165.733	2163.223	2168.500	2166.999	2167.120	2169.003

Note(s): ***, ** and * shows significance levels at 1%, 5 and 10%, respectively. sigma_u is the standard deviation of the unobserved individual-specific effects and sigma_e is the standard deviation of the idiosyncratic error term. ACE is total population access to electricity, RMIT is remittances, GDP is gross domestic product, FPI is food production index, ICT is Information communication technology, GDS is gross domestic savings, DCPS is domestic credit to the private sector, GOV is governance index, CORR is the level of corruption, POL is political stability, RQ is regulatory quality, VA is Voice and accountability, RL is rule of law and GE is government effectiveness

Source(s): World Bank

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