Table 1.

Estimated relationship between aggregate income shocks and infant mortality rate per 1000 children, by World Bank country income groups

Low-income countries	Lower-middle-income countries	Upper-middle-income countries	Low-income and middle-income countries
−47.85***	−23.73***	−16.08***	−23.12***
(17.71)	(5.50)	(6.80)	(9.38)

Overall number of observed births is 5 273 350. The table presents coefficient estimates from regressions of infant mortality log per capita GDP with time trends and country fixed effects. SEs are presented in parentheses. There are four income groupings for countries; the country income groups follow the World Bank classification for fiscal year 2021.

Source: authors’ estimation using data from Demographic and Health Surveys and World Development Indicators.

*P<0.10, **p<0.05, ***p<0.01.