Table 5 IV estimation result (1) (2) (3)... | Emerald Publishing

Table 5

IV estimation result

	(1)	(2)	(3)
Variables	Tmis	Xmis	Mmis
Remitcost	0.06^**	0.05^**	0.14^**
Remitcost	(0.173)	(0.169)	(0.235)
rta	1.97^***	1.33^***	2.51^***
rta	(0.332)	(0.316)	(0.414)
LnGDP	0.10^**	0.20^*	0.25^**
LnGDP	(0.098)	(0.111)	(0.125)
Constant	−3.28^***	−6.09^***	−1.21
Constant	(1.121)	(0.820)	(1.373)
Observations	474	474	474
Country FE	YES	YES	YES
Year FE	YES	YES	YES

	(1)	(2)	(3)
Variables	Tmis	Xmis	Mmis
Remitcost	0.06^**	0.05^**	0.14^**
Remitcost	(0.173)	(0.169)	(0.235)
rta	1.97^***	1.33^***	2.51^***
rta	(0.332)	(0.316)	(0.414)
LnGDP	0.10^**	0.20^*	0.25^**
LnGDP	(0.098)	(0.111)	(0.125)
Constant	−3.28^***	−6.09^***	−1.21
Constant	(1.121)	(0.820)	(1.373)
Observations	474	474	474
Country FE	YES	YES	YES
Year FE	YES	YES	YES

Note(s): Robust standard errors in parentheses

***p < 0.01, **p < 0.05, *p < 0.1

Second-stage of IV estimation is reported

Source(s): Table created by the author