The effect of debt relief on household consumption
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | |
|---|---|---|---|---|---|---|---|
| afterdecisionpoint | 1.870* (0.815) | 10.80*** (1.026) | |||||
| aftercompletionpoint | 0.198 (0.816) | 0.939 (0.869) | 9.500*** (1.107) | 8.233*** (1.107) | −0.164 (1.278) | ||
| betweendecisionandcompletion | 3.859** (1.197) | 13.80*** (1.840) | 4.738* (1.931) | ||||
| Constant | 83.96*** (1.340) | 83.96*** (1.343) | 83.95*** (1.339) | 67.50*** (1.950) | 67.52*** (1.950) | 67.13*** (1.941) | 63.23*** (1.717) |
| Observations | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | |
|---|---|---|---|---|---|---|---|
| afterdecisionpoint | 1.870* (0.815) | 10.80*** (1.026) | |||||
| aftercompletionpoint | 0.198 (0.816) | 0.939 (0.869) | 9.500*** (1.107) | 8.233*** (1.107) | −0.164 (1.278) | ||
| betweendecisionandcompletion | 3.859** (1.197) | 13.80*** (1.840) | 4.738* (1.931) | ||||
| Constant | 83.96*** (1.340) | 83.96*** (1.343) | 83.95*** (1.339) | 67.50*** (1.950) | 67.52*** (1.950) | 67.13*** (1.941) | 63.23*** (1.717) |
| Observations | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 | 5,695 |
Notes: Dependent variable is household consumption as share of GDP. All regressions include year fixed effects. (1) (2) and (3) include country fixed effects; (4) (5) and (6) include continent dummies; (7) includes dummy for Heavily Indebted Poor Countries (HIPC). Robust standard errors in parentheses. *p<0.05; **p<0.01; ***p<0.001
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