Table 4.

Financial inclusion and life expectancy (2 SLS & GMM).

	2 SLS		2 SLS		GMM		GMM
	Coef.	z-stat	Coef.	z-stat	Coef.	z-stat	Coef.	z-stat
L.LE					0.901**	2.060	0.970***	4.930
ATMs	0.134***	4.070			0.051****	5.330
Debit			0.091***	8.150			0.024**	2.210
Internet	0.059*	1.920	0.020***	2.950	0.021**	2.160	0.030***	4.650
HE	0.008	0.020	0.302	1.560	0.017**	2.030	0.010	1.180
GDP	0.059	1.020	0.029	1.030	0.012***	4.580	0.013***	4.800
FDI	0.045*	1.820	0.036***	2.740	0.015***	4.280	0.013***	2.970
Cons	6.970***	6.660	7.226	9.210	3.089***	6.720	2.522***	8.290
Observations	234		234		216		216
Countries	18		18		18		18
AR (1)					0.301		0.102
AR (2)					0.210		0.087
Sargan-test					0.254		0.345

^*** Significant at 1%;

^** Significant at 5%;

^*Significant at 10%.