Table 3.
Impact of educational assessment on GDP per capita.
| Pooled OLS |
Panel (MLE) |
|||||||
|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| PISA reading | 0.602*** | 0.308*** | ||||||
| (10.87) | (3.68) | |||||||
| PISA Math | 0.651*** | 0.418*** | ||||||
| (8.51) | (5.43) | |||||||
| PISA Science | 0.614*** | 0.284*** | ||||||
| (8.53) | (3.47) | |||||||
| PISA_average | 0.663*** | 0.381*** | ||||||
| (9.27) | (4.71) | |||||||
| N | 143 | 143 | 143 | 143 | 143 | 143 | 143 | 143 |
| R-sq | 0.457 | 0.424 | 0.403 | 0.440 | ||||
| Wald statistics | Chi2(3) = 25.81 [0.0000] | Chi2(1) = 22.24 [0.0000] | Chi2(3) = 25.81 [0.0000] | Chi2(1) = 22.24 [0.0000] | ||||
Note: t statistics are in parentheses, standardized beta coefficients are reported after using robust standard error.
*, **, *** - significance of coefficients at 10%, 5%, and 1% levels, respectively.