The effect of legislative constraints on foreign debt: FGLS
| Model 1 | Model 2 | Model 3 | Model 4 | |
|---|---|---|---|---|
| Constant | −0.0118 (0.0152) | −0.0123 (0.0151) | 0.8661 (0.7887) | 0.8802 (0.7828) |
| Legislative constraints | −0.0049 (0.0097) | −0.0672** (0.0344) | −0.0008 (0.0103) | −0.0636** (0.0346) |
| Legislative constraints2 | 0.1219** (0.0651) | 0.1231** (0.0654) | ||
| Economic development | 0.0029* (0.0022) | 0.0034* (0.0022) | 0.0026 (0.0022) | 0.0032* (0.0022) |
| Economic growth | −0.0024*** (0.0004) | −0.0024*** (0.0004) | −0.0024*** (0.0004) | −0.0024*** (0.0004) |
| Exports | −0.0005*** (0.0001) | −0.0005*** (0.0001) | −0.0005*** (0.0001) | −0.0005*** (0.0001) |
| Budget deficit | −0.0022*** (0.0004) | −0.0024*** (0.0004) | −0.0022*** (0.0004) | −0.0023*** (0.0004) |
| Government consumption | 0.0006* (0.0004) | 0.0004 (0.0004) | 0.0005 (0.0004) | 0.0003 (0.0004) |
| IMF participation | −0.0073** (0.0037) | −0.0073** (0.0037) | −0.0072** (0.0037) | −0.0072** (0.0037) |
| Time changes | −0.0004 (0.0004) | −0.0004 (0.0004) |
| Model 1 | Model 2 | Model 3 | Model 4 | |
|---|---|---|---|---|
| Constant | −0.0118 (0.0152) | −0.0123 (0.0151) | 0.8661 (0.7887) | 0.8802 (0.7828) |
| Legislative constraints | −0.0049 (0.0097) | −0.0672** (0.0344) | −0.0008 (0.0103) | −0.0636** (0.0346) |
| Legislative constraints2 | 0.1219** (0.0651) | 0.1231** (0.0654) | ||
| Economic development | 0.0029* (0.0022) | 0.0034* (0.0022) | 0.0026 (0.0022) | 0.0032* (0.0022) |
| Economic growth | −0.0024*** (0.0004) | −0.0024*** (0.0004) | −0.0024*** (0.0004) | −0.0024*** (0.0004) |
| Exports | −0.0005*** (0.0001) | −0.0005*** (0.0001) | −0.0005*** (0.0001) | −0.0005*** (0.0001) |
| Budget deficit | −0.0022*** (0.0004) | −0.0024*** (0.0004) | −0.0022*** (0.0004) | −0.0023*** (0.0004) |
| Government consumption | 0.0006* (0.0004) | 0.0004 (0.0004) | 0.0005 (0.0004) | 0.0003 (0.0004) |
| IMF participation | −0.0073** (0.0037) | −0.0073** (0.0037) | −0.0072** (0.0037) | −0.0072** (0.0037) |
| Time changes | −0.0004 (0.0004) | −0.0004 (0.0004) |
Notes: Standard errors in parentheses. *p < 0.10; **p<0.05; ***p<0.01
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.