Table 8 Robustness check Variables (1)...

Table 8

Robustness check

Variables	(1)	(2)
Estimation technique: 2SLS
Hdi	99.35**	56.65***
Hdi	(40.41)	(21.22)
Dens	5.167	−4.796***
Dens	(4.198)	(1.452)
Depend	−1.322*	−0.519***
Depend	(0.779)	(0.167)
Internet	0.518*	0.360*
Internet	(0.311)	(0.206)
Mobile	0.0904	0.0263
Mobile	(0.0820)	(0.0559)
V-Democracy	8.116	−22.93***
V-Democracy	(6.695)	(5.778)
Trade	1.385**	0.00915***
Trade	(0.636)	(0.0020)
Trade*V-Democracy		0.185***
Trade*V-Democracy		(0.0586)
Constant	−257.6*	−91.93
Constant	(133.6)	(70.80)
Observations	370	370
R-squared	0.734	0.332
Kleibergen–Paap rk LM p.value	0.0130	0.0062
Kleibergen–Paap rk Wald F stat	6.222	7.36
Hansen p-value	0.325	0.112

Variables	(1)	(2)
Estimation technique: 2SLS
Hdi	99.35**	56.65***
Hdi	(40.41)	(21.22)
Dens	5.167	−4.796***
Dens	(4.198)	(1.452)
Depend	−1.322*	−0.519***
Depend	(0.779)	(0.167)
Internet	0.518*	0.360*
Internet	(0.311)	(0.206)
Mobile	0.0904	0.0263
Mobile	(0.0820)	(0.0559)
V-Democracy	8.116	−22.93***
V-Democracy	(6.695)	(5.778)
Trade	1.385**	0.00915***
Trade	(0.636)	(0.0020)
Trade*V-Democracy		0.185***
Trade*V-Democracy		(0.0586)
Constant	−257.6*	−91.93
Constant	(133.6)	(70.80)
Observations	370	370
R-squared	0.734	0.332
Kleibergen–Paap rk LM p.value	0.0130	0.0062
Kleibergen–Paap rk Wald F stat	6.222	7.36
Hansen p-value	0.325	0.112

Note(s): Robust standard errors in parentheses

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

We used one instrument in this study such as: personal remittances received (% of GDP). This variable is extracted from the World Bank

Source(s): Authors

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