Results of decomposed aid and economic freedom
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Aid Var. | aid1 | aid2 | aid3 | aid4 | aid5 |
| Thre. Value (γ) | 7.3103*** (0.0903) | 5.5861*** (0.0829) | 4.7769*** (0.0398) | 5.1287*** (0.0691) | 5.6565*** (0.0597) |
| Upper regime (Ins>γ) | |||||
| Foreign aid | 0.0042 (0.1112) | 0.1362*** (0.0296) | 0.2588*** (0.0964) | −0.0354 (0.0930) | 0.0588** (0.0261) |
| EF | −2.6126*** (0.6506) | −0.7448*** (0.2110) | 1.5121** (0.6945) | 2.0476*** (0.5619) | −2.9680*** (0.2482) |
| GDP | −0.5726*** (0.1183) | 0.2390*** (0.0914) | 0.9297*** (0.2109) | 0.9970*** (0.1692) | 0.0183 (0.0611) |
| Savings | 0.0205** (0.0088) | −0.0383*** (0.0062) | 0.0731*** (0.0238) | 0.0189*** (0.0050) | 0.0234*** (0.0042) |
| Openness | 0.0033(0.0030) | −0.0186*** (0.0032) | −0.0117** (0.0053) | −0.0231*** (0.0051) | −0.0026 (0.0018) |
| Population | 0.3203*** (0.1002) | 0.3069** (0.1440) | 3.7555*** (0.7814) | 2.7606*** (0.3199) | −0.0244 (0.0516) |
| Lower regime (Ins≤γ) | |||||
| Foreign aid | 0.1750*** (0.0409) | −0.1085*** (0.0349) | −0.2606** (0.1017) | −0.0038 (0.0979) | −0.0982*** (0.0237) |
| EF | 0.5233*** (0.1306) | 1.5535*** (0.1576) | −1.2468* (0.6846) | −1.5253*** (0.5375) | 3.0180*** (0.2076) |
| GDP | 1.0120*** (0.0638) | 0.5695*** (0.0627) | −0.0624 (0.1956) | −0.1393 (0.1546) | 0.9895*** (0.0667) |
| Savings | −0.0104*** (0.0012) | 0.0304*** (0.0053) | −0.0741*** (0.0239) | −0.0266*** (0.0046) | −0.0282*** (0.0036) |
| Openness | 0.0003 (0.0005) | 0.0172*** (0.0029) | 0.0123** (0.0052) | 0.0232*** (0.0051) | 0.0024 (0.0018) |
| Population | 0.0151 (0.0179) | −0.3160** (0.1466) | −3.7534*** (0.7807) | −2.7618*** (0.3187) | 0.0262 (0.0509) |
| Constant | 22.3549*** (4.4849) | 2.4855* (1.3022) | −23.0984*** (5.8814) | −22.0591*** (4.0178) | 15.4345*** (1.5490) |
| Number of i | 62 | 62 | 62 | 62 | 62 |
| Year fixed effects | Yes | Yes | Yes | Yes | Yes |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| 7.3103 | 5.5861 | 4.7769 | 5.1287 | 5.6565 | |
| Foreign aid | 0.0042 (0.1112) | 0.1362 | 0.2588 | −0.0354 (0.0930) | 0.0588 |
| EF | −2.6126 | −0.7448 | 1.5121 | 2.0476 | −2.9680 |
| GDP | −0.5726 | 0.2390 | 0.9297 | 0.9970 | 0.0183 (0.0611) |
| Savings | 0.0205 | −0.0383 | 0.0731 | 0.0189 | 0.0234 |
| Openness | 0.0033(0.0030) | −0.0186 | −0.0117 | −0.0231 | −0.0026 (0.0018) |
| Population | 0.3203 | 0.3069 | 3.7555 | 2.7606 | −0.0244 (0.0516) |
| Foreign aid | 0.1750 | −0.1085 | −0.2606 | −0.0038 (0.0979) | −0.0982 |
| EF | 0.5233 | 1.5535 | −1.2468 | −1.5253 | 3.0180 |
| GDP | 1.0120 | 0.5695 | −0.0624 (0.1956) | −0.1393 (0.1546) | 0.9895 |
| Savings | −0.0104 | 0.0304 | −0.0741 | −0.0266 | −0.0282 |
| Openness | 0.0003 (0.0005) | 0.0172 | 0.0123 | 0.0232 | 0.0024 (0.0018) |
| Population | 0.0151 (0.0179) | −0.3160 | −3.7534 | −2.7618 | 0.0262 (0.0509) |
| Constant | 22.3549 | 2.4855 | −23.0984 | −22.0591 | 15.4345 |
| Number of | 62 | 62 | 62 | 62 | 62 |
| Year fixed effects | Yes | Yes | Yes | Yes | Yes |
Notes: The aid variables denote aid in social infrastructure and services (aid1), economic infrastructure and services (aid2), production sectors (aid3), multi-sectors (aid4) and the sum of commodity aid and humanitarian aid (aid5); standard errors in parentheses; ***p < 0.01; **p < 0.05, *p < 0.1
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