Table 3

Baseline regression results

(M1)(M2)(M3)(M4)
JusttranJusttranJusttranJusttran
cps3.9239***5.3899***3.6317***4.7998***
(0.268)(0.391)(0.270)(0.418)
iqi1.1613***1.4763***1.7728***2.0956***
(0.166)(0.161)(0.188)(0.176)
cps*iqi  1.0214***1.0337***
  (0.113)(0.126)
climvar9.2029***38.9981***1.709730.3674***
(3.170)(4.295)(3.496)(4.598)
hdi16.9140***−53.3376***16.2654***−57.7213***
(5.199)(7.263)(5.159)(7.316)
gdppcap−0.0002***−0.0002***−0.0003***−0.0002***
(0.000)(0.000)(0.000)(0.000)
fmdev−0.0572***−0.0627***−0.0595***−0.0623***
(0.005)(0.006)(0.006)(0.006)
fossil−0.0016−0.00360.00900.0082
(0.009)(0.010)(0.010)(0.010)
Constant67.9119***118.1956***70.2390***123.5792***
(4.995)(6.416)(4.812)(6.111)
Year effectNoYesNoYes
Incomegroup effectNoYesNoYes
R-squared0.28330.40720.33510.4583
Observations552552552552
Prob > χ20.00000.00000.00000.0000

Note(s): Standard errors in parentheses. *p < 0.10, **p < 0.05, ***p < 0.01

Source(s): Authors’ compilation

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