Table 4 Estimations with alternatives...

Table 4

Estimations with alternatives measures of banking concentration (C5)

Variables	(1)	(2)
	eq1	eq2
	Enrolment in primary education, female	Enrolment in secondary education, female
C5	−0.289***	−0.195**
C5	(0.0993)	(0.0777)
Electricity	0.135*	0.124**
Electricity	(0.0671)	(0.0525)
Urbanization	0.245	0.339
Urbanization	(0.741)	(0.580)
FDI	0.0309	0.00277
FDI	(0.123)	(0.0960)
Inflation	−0.00569	0.129
Inflation	(0.212)	(0.166)
Corruption	−4.530***	−3.095***
Corruption	(1.268)	(0.992)
Constant	36.49***	48.44***
Constant	(10.74)	(8.405)
Observations	950	950
R-squared	0.373	0.368
Number of countries	72	72
Fisher	20.15***	15.07***

Variables	(1)	(2)
	eq1	eq2
	Enrolment in primary education, female	Enrolment in secondary education, female
C5	−0.289***	−0.195**
C5	(0.0993)	(0.0777)
Electricity	0.135*	0.124**
Electricity	(0.0671)	(0.0525)
Urbanization	0.245	0.339
Urbanization	(0.741)	(0.580)
FDI	0.0309	0.00277
FDI	(0.123)	(0.0960)
Inflation	−0.00569	0.129
Inflation	(0.212)	(0.166)
Corruption	−4.530***	−3.095***
Corruption	(1.268)	(0.992)
Constant	36.49***	48.44***
Constant	(10.74)	(8.405)
Observations	950	950
R-squared	0.373	0.368
Number of countries	72	72
Fisher	20.15***	15.07***

Note(s): Standard errors in parentheses ***p < 0.01, **p < 0.05, *p < 0.1. C5: The total assets held by the five largest banks in countries. FDI: foreign direct Investments

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