Table 7.

Effects of ethnic diversity (potential channel analysis)

Variables	(1)	(2)	(3)
	Social capital	PGSI	Risk status
ETHFRAC	− 0.219***	0.103*	0.022*
	(0.032)	(0.060)	(0.011)
	[− 0.061]	[0.018]	[0.019]
Controls	Yes	Yes	Yes
State fixed effect	Yes	Yes	Yes
Observations	13,970	13,970	13,970

All regressions include the usual control variables and state fixed effects

Robust standard errors in parentheses. Standardised coefficients in brackets

***p < 0.01; **p < 0.05; *p < 0.1