Table 5

Results of fixed effect models clustering on country

Dependent variable: Working poverty rate (WPR)
(1) Variable name(2) Fixed effect
Trade Openness (CTS)−0.014 (0.00) ***
Growth Rate−0.116 (0.04) ***
School Enrollment−0.041 (0.43)
Labor Productivity0.0000 (0.95)
Age Dependency0.247 (0.21)
Unemployment Rate−0.21 (0.34)
Inflation0.0001 (0.00) ***
Constant8.127 (0.58)
Number of Observations1,666
Number of Groups98
F-value18.11
Prob > F0.00
Overall R20.41

Note(s):p values are shown in the parenthesis. ***, ** and * indicates significant at 1%, 5% and 10% level of significance respectively. Time dummies are included in regression equation

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