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 Productivity | 0.0000 (0.95) |
| Age Dependency | 0.247 (0.21) |
| Unemployment Rate | −0.21 (0.34) |
| Inflation | 0.0001 (0.00) *** |
| Constant | 8.127 (0.58) |
| Number of Observations | 1,666 |
| Number of Groups | 98 |
| F-value | 18.11 |
| Prob > F | 0.00 |
| Overall R2 | 0.41 |
| 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 Productivity | 0.0000 (0.95) |
| Age Dependency | 0.247 (0.21) |
| Unemployment Rate | −0.21 (0.34) |
| Inflation | 0.0001 (0.00) *** |
| Constant | 8.127 (0.58) |
| Number of Observations | 1,666 |
| Number of Groups | 98 |
| 18.11 | |
| Prob > | 0.00 |
| Overall | 0.41 |
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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