Fintech and natural resources rents (dependent variable: nrr)
| Low quantiles | Middle quantiles | High quantiles | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PCSE | q10 | q20 | q30 | q40 | q50 | q60 | q70 | q80 | q90 | |
| fin | −3.4351*** | −1.7024*** | −2.0586*** | −2.2283*** | −2.4321*** | −2.9450*** | −3.8072*** | −4.4389*** | −4.9735*** | −5.4273*** |
| (0.7173) | (0.5401) | (0.5370) | (0.5391) | (0.5645) | (0.6500) | (0.7845) | (0.8942) | (0.9923) | (1.0864) | |
| urb | −0.3200*** | −0.3859*** | −0.3724*** | −0.3659*** | −0.3581*** | −0.3386*** | −0.3058*** | −0.2818*** | −0.2615*** | −0.2442** |
| (0.0684) | (0.0491) | (0.0471) | (0.0470) | (0.0477) | (0.0521) | (0.0658) | (0.0788) | (0.0910) | (0.1014) | |
| une | 1.3054*** | 1.9881*** | 1.8477*** | 1.7809*** | 1.7006*** | 1.4985*** | 1.1588*** | 0.9099** | 0.6993* | 0.5205 |
| (0.3610) | (0.2373) | (0.2227) | (0.2196) | (0.2258) | (0.2514) | (0.3037) | (0.3537) | (0.4028) | (0.4452) | |
| lngdp | −11.805*** | −1.9955 | −4.0125 | −4.9730 | −6.1267* | −9.0305** | −13.912*** | −17.488*** | −20.5145*** | −23.084*** |
| (4.1755) | (3.3480) | (3.3662) | (3.4248) | (3.5809) | (4.0606) | (4.9350) | (5.6762) | (6.3102) | (7.1307) | |
| lngdp2 | 1.0072*** | 0.4148** | 0.5366*** | 0.5946*** | 0.6643*** | 0.8396*** | 1.1344*** | 1.3503*** | 1.5331*** | 1.6882*** |
| (0.2496) | (0.1983) | (0.1984) | (0.2015) | (0.2108) | (0.2391) | (0.2912) | (0.3358) | (0.3742) | (0.4254) | |
| rne | −0.1433*** | −0.0566 | −0.0745 | −0.0830* | −0.0931** | −0.1188** | −0.1619*** | −0.1935*** | −0.2203*** | −0.2430*** |
| (0.0450) | (0.0485) | (0.0460) | (0.0450) | (0.0448) | (0.0464) | (0.0520) | (0.0586) | (0.0652) | (0.0716) | |
| _cons | 51.543*** | 4.084 | 13.842 | 18.489 | 24.071 | 38.120** | 61.735*** | 79.037*** | 93.680*** | 106.11*** |
| (19.735) | (16.169) | (16.067) | (16.230) | (16.869) | (19.025) | (23.073) | (26.584) | (29.619) | (33.413) | |
| Turning point | 350,831 | n/a | n/a | n/a | 100,624 | 216,558 | 460,299 | 649,107 | 804,748 | 931,567 |
| R-squared | 0.3913 | |||||||||
| Obs | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 |
| Low quantiles | Middle quantiles | High quantiles | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PCSE | q10 | q20 | q30 | q40 | q50 | q60 | q70 | q80 | q90 | |
| fin | ||||||||||
| (0.7173) | (0.5401) | (0.5370) | (0.5391) | (0.5645) | (0.6500) | (0.7845) | (0.8942) | (0.9923) | (1.0864) | |
| urb | ||||||||||
| (0.0684) | (0.0491) | (0.0471) | (0.0470) | (0.0477) | (0.0521) | (0.0658) | (0.0788) | (0.0910) | (0.1014) | |
| une | 0.5205 | |||||||||
| (0.3610) | (0.2373) | (0.2227) | (0.2196) | (0.2258) | (0.2514) | (0.3037) | (0.3537) | (0.4028) | (0.4452) | |
| lngdp | −1.9955 | −4.0125 | −4.9730 | |||||||
| (4.1755) | (3.3480) | (3.3662) | (3.4248) | (3.5809) | (4.0606) | (4.9350) | (5.6762) | (6.3102) | (7.1307) | |
| lngdp2 | ||||||||||
| (0.2496) | (0.1983) | (0.1984) | (0.2015) | (0.2108) | (0.2391) | (0.2912) | (0.3358) | (0.3742) | (0.4254) | |
| rne | −0.0566 | −0.0745 | ||||||||
| (0.0450) | (0.0485) | (0.0460) | (0.0450) | (0.0448) | (0.0464) | (0.0520) | (0.0586) | (0.0652) | (0.0716) | |
| _cons | 51.543*** | 4.084 | 13.842 | 18.489 | 24.071 | 38.120** | 61.735*** | 79.037*** | 93.680*** | 106.11*** |
| (19.735) | (16.169) | (16.067) | (16.230) | (16.869) | (19.025) | (23.073) | (26.584) | (29.619) | (33.413) | |
| Turning point | 350,831 | n/a | n/a | n/a | 100,624 | 216,558 | 460,299 | 649,107 | 804,748 | 931,567 |
| 0.3913 | ||||||||||
| Obs | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 |
Note(s): Standard errors in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1. n/a is nonapplicable
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