Table 13.

Effect of rule of law on educational outcomes⁽¹⁾

Variables	International test score		School completion		School failure
	(1)	(2)	(1)	(2)	(1)	(2)
Rule of law	0.078**	1.969***	0.526**	1.055	−1.095**	−0.814***
	(0.038)	(0.439)	(0.213)	(1.024)	(0.471)	(0.101)
law_pubexp	0.0213		0.215		−0.556
	(0.0662)		(0.213)		(0.688)
law_teachtr		0.445		0.2378*		−1.823***
		(0.291)		(0.132)		(0.229)
Constant	5.578***	6.340***	0.740	5.360	−13.27***	−4.344
	(0.342)	(1.603)	(1.516)	(4.134)	(3.136)	(3.248)
Regional dummies	Yes	Yes	Yes	Yes	Yes	Yes
Observations	60	60	58	58	60	60
R-squared	0.716	0.845	0.677	0.664	0.724	0.761
Hansen (p value)	0.841	0.125	0.972	0.159	0.0797	0.953
Fisher	7.346***	9.679***	9.949***	8.018***	18.71***	18.75***

law_pubexp is the interaction term between rule of law and public spending on education; law_teachtr is the interaction term between rule of law and quality of teaching

Standard errors in parentheses ***p<0.01; **p<0.05; *p<0.1

⁽¹⁾All variables are included in the regression, but for simplicity, we have published the results for a small number of variables