Instrumental variables estimation of benchmark model with control of corruption
| Determinants | High corruption level group (Indicator ≤ 0.916) | Low corruption level group (indicator > 0.916) |
|---|---|---|
| Constant | 0.061 (0.947) | −0.938 (0.198) |
| Ln(Invi) | 0.811*** (0.000) | 0.653*** (0.000) |
| Ln(Yi0) | −0.216*** (0.000) | −0.061 (0.293) |
| Ln(ni +δ+e) | −0.968*** (0.000) | −0.429*** (0.000) |
| Ln(CCi) | −0.066 (0.870) | −0.019 (0.759) |
| R2 | 0.682 | 0.474 |
| N | 45 | 58 |
| Determinants | High corruption level group | Low corruption level group |
|---|---|---|
| 0.061 (0.947) | −0.938 (0.198) | |
| 0.811*** (0.000) | 0.653*** (0.000) | |
| −0.216*** (0.000) | −0.061 (0.293) | |
| −0.968*** (0.000) | −0.429*** (0.000) | |
| −0.066 (0.870) | −0.019 (0.759) | |
| 0.682 | 0.474 | |
| N | 45 | 58 |
Note:
*** significance at 1%, ** at 5% and * at 10%
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