Table 7.
Energy poverty and TFP: the channel of shadow economy
| Model (3SLS) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | |
| Dep. var | ||||||||||||
| TFP | TFP | TFP | TFP | TFP | TFP | TFPc | TFPc | TFPc | TFPc | TFPc | TFPc | |
| Cap | −0.0002*** | −0.0002*** | −0.0002*** | −0.0002*** | −0.0002*** | −0.0002*** | −0.0004*** | −0.0004*** | −0.0004*** | −0.0004*** | −0.0004*** | −0.0004*** |
| [0.0000] | [0.0000] | [0.0000] | [0.0000] | [0.0000] | [0.0000] | [0.0001] | [0.0001] | [0.0001] | [0.0001] | [0.0001] | [0.0001] | |
| HC | −0.0566*** | −0.0500*** | −0.0541*** | −0.0503*** | −0.0281* | −0.0709*** | 0.1453*** | 0.1542*** | 0.1200*** | 0.1502*** | 0.1902*** | 0.1427*** |
| [0.0149] | [0.0150] | [0.0153] | [0.0150] | [0.0146] | [0.0149] | [0.0267] | [0.0273] | [0.0273] | [0.0270] | [0.0258] | [0.0265] | |
| Trade | 0.0003** | 0.0003** | 0.0004** | 0.0003** | 0.0003* | 0.0003** | 0.0007*** | 0.0007** | 0.0009*** | 0.0008*** | 0.0007*** | 0.0007*** |
| [0.0002] | [0.0002] | [0.0002] | [0.0002] | [0.0002] | [0.0002] | [0.0003] | [0.0003] | [0.0003] | [0.0003] | [0.0003] | [0.0003] | |
| FDI | −0.0008 | −0.0005 | −0.0009 | −0.0006 | −0.0001 | −0.0010 | −0.0071*** | −0.0066*** | −0.0082*** | −0.0068*** | −0.0066*** | −0.0073*** |
| [0.0010] | [0.0010] | [0.0010] | [0.0010] | [0.0010] | [0.0009] | [0.0017] | [0.0017] | [0.0017] | [0.0017] | [0.0017] | [0.0017] | |
| SE | −0.0045*** | −0.0041*** | −0.0036*** | −0.0041*** | −0.0012 | −0.0058*** | −0.0121*** | −0.0121*** | −0.0101*** | −0.0122*** | −0.0084*** | −0.0123*** |
| [0.0009] | [0.0009] | [0.0008] | [0.0009] | [0.0008] | [0.0009] | [0.0017] | [0.0018] | [0.0015] | [0.0018] | [0.0015] | [0.0016] | |
| Constant | 1.2578*** | 1.2394*** | 1.2146*** | 1.2400*** | 1.1178*** | 1.3217*** | 0.9552*** | 0.9528*** | 0.9154*** | 0.9604*** | 0.7797*** | 0.9706*** |
| [0.0433] | [0.0443] | [0.0396] | [0.0443] | [0.0406] | [0.0417] | [0.0787] | [0.0818] | [0.0707] | [0.0815] | [0.0730] | [0.0744] | |
| N | 616 | 614 | 582 | 614 | 616 | 616 | 616 | 614 | 582 | 614 | 616 | 616 |
| R-squared | −0.0013 | 0.0211 | 0.0404 | 0.0206 | 0.0880 | −0.0990 | −0.0285 | −0.0302 | 0.0563 | −0.0377 | 0.1399 | −0.0407 |
| Dep. var | ||||||||||||
| SE | SE | SE | SE | SE | SE | SE | SE | SE | SE | SE | SE | |
| Income | 2.5051*** | 0.8157 | 2.5414*** | 0.8493 | 1.5882*** | 2.0643*** | −0.0623 | −1.8836*** | 0.7538 | −1.8116*** | 0.3315 | 0.0371 |
| [0.6513] | [0.6316] | [0.5829] | [0.5677] | [0.4789] | [0.4844] | [0.6202] | [0.5798] | [0.5672] | [0.5238] | [0.4646] | [0.4797] | |
| Inst | −6.3497*** | −6.1702*** | −8.0047*** | −6.0520*** | −6.7363*** | −5.4092*** | −4.6748*** | −3.7929*** | −6.1422*** | −3.4203*** | −5.8357*** | −4.3667*** |
| [0.9305] | [0.9765] | [1.0032] | [0.9901] | [0.9699] | [0.9004] | [0.8886] | [0.9098] | [0.9775] | [0.9208] | [0.9348] | [0.8901] | |
| FD | −50.9797*** | −57.1596*** | −44.7369*** | −58.7274*** | −66.2255*** | −25.3546** | −65.4794*** | −77.0035*** | −59.6944*** | −81.6413*** | −70.7156*** | −55.0432*** |
| [10.8421] | [11.6054] | [11.8069] | [11.8031] | [11.2450] | [11.0019] | [10.3122] | [10.8092] | [11.4002] | [10.9645] | [10.7954] | [10.8615] | |
| FD^2 | 62.6210*** | 68.9307*** | 58.6037*** | 71.2118*** | 78.9676*** | 31.5702** | 86.6217*** | 99.6392*** | 80.6710*** | 106.3784*** | 89.8499*** | 73.8923*** |
| [15.8190] | [16.5811] | [16.7509] | [16.8814] | [16.3893] | [15.7074] | [14.9967] | [15.3569] | [16.1695] | [15.5932] | [15.6785] | [15.5016] | |
| EP1 | 0.0504*** | 0.0173 | ||||||||||
| [0.0175] | [0.0165] | |||||||||||
| EP2 | −0.0194 | −0.0567*** | ||||||||||
| [0.0193] | [0.0179] | |||||||||||
| EP3 | 0.0637*** | 0.0441*** | ||||||||||
| [0.0154] | [0.0149] | |||||||||||
| EP4 | −0.0304 | −0.0889*** | ||||||||||
| [0.0248] | [0.0228] | |||||||||||
| EP5 | 0.0479*** | 0.0281*** | ||||||||||
| [0.0110] | [0.0105] | |||||||||||
| EP6 | −0.1048*** | −0.0478*** | ||||||||||
| [0.0178] | [0.0175] | |||||||||||
| Constant | 22.742*** | 40.158*** | 20.617*** | 40.005*** | 31.788*** | 31.147*** | 45.121*** | 64.039*** | 36.817*** | 63.788*** | 42.464*** | 46.570*** |
| [5.7671] | [5.8599] | [5.4355] | [5.1398] | [3.7713] | [3.5636] | [5.4571] | [5.3543] | [5.2597] | [4.7025] | [3.6473] | [3.5265] | |
| Year effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| N | 616 | 614 | 582 | 614 | 616 | 616 | 616 | 614 | 582 | 614 | 616 | 616 |
| R-squared | 0.2212 | 0.2128 | 0.2551 | 0.2137 | 0.2360 | 0.2337 | 0.1869 | 0.1721 | 0.2328 | 0.1704 | 0.2184 | 0.2032 |