Table 1.
Variables | (1) OLS | (2) System-GMM | (3) System-GMM |
Log income per capita | −16.19* (3.018) | −15.79* ( 0.0723) | −14.76* (0.0868) |
RRA possible dummy | −5.170 (3.532) | −5.425* (0.154) | 33.78* (1.513) |
Log income × RRA possible dummy | −4.986* (0.191) | ||
Year | −0.197†(0.103) | −0.200* (0.00749) | −0.171* (0.00809) |
Constant | 577.9* (203.9) | 581.3* (14.89) | 515.2* (16.12) |
Observations | 564 | 564 | 564 |
R-squared | 0.636 | ||
Number of countries | 24 | 24 | 24 |
Robust SEs are given in parentheses. Standard errors are clustered at country level.
*P < 0.01.
†P < 0.1.