Table A4 The conducted regression using... | Emerald Publishing

Table A4

The conducted regression using the random-effects probit model

	(1)		(2)		(3)		(4)
Dependent variable	Balanced		Capture		Crony		State dominance
Const	−5.411	***	1.555	***	−0.920	***	−37.497	***
	(1.028)		(0.517)		(0.234)		(6.617)
Log. population							2.887	***
							(0.578)
Leg. British	4.536	***
	(1.088)
Leg. French							8.756	***
							(1.304)
Protestant			−0.980	*			37.025	***
			(0.588)				(6.676)
Catholic			−2.353	***	2.257	***	14.218	***
			(0.355)		(0.265)		(3.231)
Orthodox			−78.353	***	36.045	***
			(20.018)		(6.412)
Muslim			−3.113	***	2.214	***	16.534	***
			(0.354)		(0.225)		(3.321)
Buddhist			−1.187	**	1.635	***	10.890	**
			(0.468)		(0.316)		(5.138)
Confucian/Taoism/Chinese	−82.770	***	−87.209	***	9.845	***	471.492	***
	(21.441)		(9.402)		(1.835)		(79.616)
Ethnic Frac	−6.013	***			1.193	***	−17.088	***
	(1.440)				(0.241)		(2.873)
Latitude	0.022	***	0.009	***
	(0.007)		(0.003)
Fuel richness			−0.161	***			2.828	***
			(0.052)				(0.487)
Metal richness	1.849	***	0.246	***	−0.592	***	0.673	*
	(0.353)		(0.082)		(0.085)		(0.395)
Communist heritage			1.796	***	−2.443	***	−140.336	***
			(0.524)		(0.456)		(23.809)
Urban pop. (1960–1965)	0.064	***	0.074	***	−0.057	***	−0.397	***
	(0.017)		(0.006)		(0.005)		(0.060)
Industry VA (%GDP) (1960–1965)	−0.096	***	−0.049	***	0.059	***
	(0.033)		(0.009)		(0.008)
Log. years of independence			−0.256	**
			(0.113)
N	935		935		935		935
Mean dependent var	0.034		0.335		0.559		0.072
McFadden R-squared	0.510		0.371		0.365		0.657
Adjusted R-squared	0.453		0.347		0.348		0.603

	(1)		(2)		(3)		(4)
Dependent variable	Balanced		Capture		Crony		State dominance
Const	−5.411	***	1.555	***	−0.920	***	−37.497	***
	(1.028)		(0.517)		(0.234)		(6.617)
Log. population							2.887	***
							(0.578)
Leg. British	4.536	***
	(1.088)
Leg. French							8.756	***
							(1.304)
Protestant			−0.980	*			37.025	***
			(0.588)				(6.676)
Catholic			−2.353	***	2.257	***	14.218	***
			(0.355)		(0.265)		(3.231)
Orthodox			−78.353	***	36.045	***
			(20.018)		(6.412)
Muslim			−3.113	***	2.214	***	16.534	***
			(0.354)		(0.225)		(3.321)
Buddhist			−1.187	**	1.635	***	10.890	**
			(0.468)		(0.316)		(5.138)
Confucian/Taoism/Chinese	−82.770	***	−87.209	***	9.845	***	471.492	***
	(21.441)		(9.402)		(1.835)		(79.616)
Ethnic Frac	−6.013	***			1.193	***	−17.088	***
	(1.440)				(0.241)		(2.873)
Latitude	0.022	***	0.009	***
	(0.007)		(0.003)
Fuel richness			−0.161	***			2.828	***
			(0.052)				(0.487)
Metal richness	1.849	***	0.246	***	−0.592	***	0.673	*
	(0.353)		(0.082)		(0.085)		(0.395)
Communist heritage			1.796	***	−2.443	***	−140.336	***
			(0.524)		(0.456)		(23.809)
Urban pop. (1960–1965)	0.064	***	0.074	***	−0.057	***	−0.397	***
	(0.017)		(0.006)		(0.005)		(0.060)
Industry VA (%GDP) (1960–1965)	−0.096	***	−0.049	***	0.059	***
	(0.033)		(0.009)		(0.008)
Log. years of independence			−0.256	**
			(0.113)
N	935		935		935		935
Mean dependent var	0.034		0.335		0.559		0.072
McFadden R-squared	0.510		0.371		0.365		0.657
Adjusted R-squared	0.453		0.347		0.348		0.603

Note(s): Standard errors in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1