Table 5

IV estimation result

(1)(2)(3)
VariablesTmisXmisMmis
Remitcost0.06**0.05**0.14**
(0.173)(0.169)(0.235)
rta1.97***1.33***2.51***
(0.332)(0.316)(0.414)
LnGDP0.10**0.20*0.25**
(0.098)(0.111)(0.125)
Constant−3.28***−6.09***−1.21
(1.121)(0.820)(1.373)
Observations474474474
Country FEYESYESYES
Year FEYESYESYES

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

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