The effect of legislative constraints (redefined by polity) on foreign debt
| Fixed effects | Random effects | |||
|---|---|---|---|---|
| Model 5 | Model 6 | Model 7 | Model 8 | |
| Constant | −0.1118* (0.0826) | −0.0938 (0.0831) | −0.0065 (0.0130) | −0.0076 (0.0130) |
| Legislative constraints | −0.0063 (0.0135) | −0.0888** (0.0473) | −0.0030 (0.0083) | −0.0367 (0.0312) |
| Legislative constraints2 | 0.1616** (0.0887) | 0.0675 (0.0602) | ||
| Economic development | 0.0168* (0.0120) | 0.0145 (0.0120) | 0.0017 (0.0019) | 0.0020 (0.0019) |
| Economic growth | −0.0024*** (0.0004) | −0.0023*** (0.0004) | −0.0025*** (0.0004) | −0.0023*** (0.0004) |
| Exports | −0.0009*** (0.0003) | −0.0009*** (0.0003) | −0.0004*** (0.0001) | −0.0004*** (0.0001) |
| Budget deficit | −0.0020*** (0.0005) | −0.0019*** (0.0005) | −0.0019*** (0.0003) | −0.0019*** (0.0003) |
| Government consumption | 0.0015** (0.0007) | 0.0016** (0.0007) | 0.0006** (0.0003) | 0.0006** (0.0003) |
| IMF participation | −0.0054 (0.0043) | −0.0050 (0.0043) | −0.0094*** (0.0034) | −0.0095*** (0.0034) |
| ρ | 0.1637 | 0.1477 | 0.0000 | 0.0000 |
| R2 within | 0.1291 | 0.1326 | na | na |
| n | 892 | 892 | 892 | 892 |
| Fixed effects | Random effects | |||
|---|---|---|---|---|
| Model 5 | Model 6 | Model 7 | Model 8 | |
| Constant | −0.1118* (0.0826) | −0.0938 (0.0831) | −0.0065 (0.0130) | −0.0076 (0.0130) |
| Legislative constraints | −0.0063 (0.0135) | −0.0888** (0.0473) | −0.0030 (0.0083) | −0.0367 (0.0312) |
| Legislative constraints2 | 0.1616** (0.0887) | 0.0675 (0.0602) | ||
| Economic development | 0.0168* (0.0120) | 0.0145 (0.0120) | 0.0017 (0.0019) | 0.0020 (0.0019) |
| Economic growth | −0.0024*** (0.0004) | −0.0023*** (0.0004) | −0.0025*** (0.0004) | −0.0023*** (0.0004) |
| Exports | −0.0009*** (0.0003) | −0.0009*** (0.0003) | −0.0004*** (0.0001) | −0.0004*** (0.0001) |
| Budget deficit | −0.0020*** (0.0005) | −0.0019*** (0.0005) | −0.0019*** (0.0003) | −0.0019*** (0.0003) |
| Government consumption | 0.0015** (0.0007) | 0.0016** (0.0007) | 0.0006** (0.0003) | 0.0006** (0.0003) |
| IMF participation | −0.0054 (0.0043) | −0.0050 (0.0043) | −0.0094*** (0.0034) | −0.0095*** (0.0034) |
| 0.1637 | 0.1477 | 0.0000 | 0.0000 | |
| 0.1291 | 0.1326 | na | na | |
| 892 | 892 | 892 | 892 | |
Notes: Standard errors in parentheses. *p < 0.10; **p<0.05; ***p<0.01
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