Table 4. Results for rated low-middle income countries; growth in real GDP (local currency units).
Fixed effects (1) |
Country time trend (2) |
Long difference (3) |
|
---|---|---|---|
ln(lights/area) | 0.308*** [0.037] |
0.270*** [0.043] |
0.329*** [0.046] |
Constant | n/a | n/a | 0.365*** [0.028] |
Observations | 1953 | 1953 | 113 |
Number of isonv10 | 118 | 118 | 113 |
(Within-country) R-sq | 0.780 | 0.903 | 0.301 |
Country fixed effects | Yes | Yes | No |
Year fixed effects | Yes | Yes | No |
Country time trend |
No | Yes | No |
Difference in ψ for good data countries (reestimated base ψ not shown) |
0.041 [0.063] |
-0.013 [0.063] |
0.095 [0.092] |
Heteroskedasticity: | |||
Breusch-Pagan p-value | <0.00005 | <0.00005 | 0.0396 |
Regression of squared residuals: | |||
Good data dummy | −0.0055*** [0.0017] | −0.0017* [0.0010] | −0.029 [0.018] |
Robust standard errors in brackets
p<0.01
** p<0.05
p<0.1
In column 3, long differences are formed by averaging the first and last two years of levels data