Table 3.
Estimation results of the baseline models.
| Variables | Eq. (1) |
Eq. (2) |
Eq. (3) |
|||
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| GDPG | 0.0002* |
0.0007*** |
0.0003* |
−0.0001 |
0.0003** |
−0.0001 |
| (0.0001) | (0.0004) | (0.0001) | (0.0004) | (0.0001) | (0.0004) | |
| Gini | −0.0008* |
−0.0005** |
−0.0008** |
−0.0002 |
−0.0008 |
0.0001 |
| (0.0003) | (0.0003) | (0.0003) | (0.0003) | (0.0003) | (0.0003) | |
| PE | 0.0009 |
0.0004 |
0.0009 |
0.0024* |
0.0008 |
0.0024* |
| (0.0005) | (0.0007) | (0.0005) | (0.0007) | (0.0005) | (0.0007) | |
| MIMLI | 0.0088* |
0.0300* |
0.0088* |
0.0378* |
0.0086* |
0.0386* |
| (0.0006) | (0.0022) | (0.0006) | (0.0018) | (0.0006) | (0.0018) | |
| Forest | −0.0030** |
0.0001* |
0.0032** |
0.0003* |
0.0033* |
0.0003* |
| (0.0012) | (0.0003) | (0.0012) | (0.0001) | (0.0011) | (0.0001) | |
| GovtEff | 0.0013 |
0.0234* |
||||
| (0.0032) | (0.0039) | |||||
| VoteShare | 0.0001 |
0.0002*** |
||||
| (0.0001) | (0.0001) | |||||
| OverGovtIdeol | 0.0008* |
0.0014** |
||||
| (0.0002) | (0.0006) | |||||
| Globalisation | 0.0016* |
0.0004 |
0.0016* |
0.0010* |
0.0017* |
0.0009* |
| (0.0004) | (0.0003) | (0.0003) | (0.0003) | (0.0003) | (0.0003) | |
| Constant | 0.6979* |
0.6371 |
0.6935* |
0.5327* |
0.6792* |
0.5428* |
| (0.0337) | (0.0312) | (0.0340) | (0.0275) | (0.0336) | (0.0275) | |
| Country FE | Yes | No | Yes | No | Yes | No |
| Time FE | No | Yes | No | Yes | No | Yes |
| Wald chi-squared | 23825.76* | 1654.22* | 23882.43* | 1481.66* | 24617.28* | 1491.74* |
| Number of groups | 35 | 35 | 35 | 35 | 35 | 35 |
| Time periods | 10 | 10 | 10 | 10 | 10 | 10 |
| Number of observations | 350 | 350 | 350 | 350 | 350 | 350 |
Note: Figures in the parentheses represent standard error. *, ** and *** denote statistically significant at 1%, 5% and 10%, respectively.