OLS | ||||||||||
GDP per capita | −0.381** | (0.136) | −0.391** | (0.138) | −0.379** | (0.134) | −0.371** | (0.132) | −0.388** | (0.136) |
Public Health Expenditure | −0.103 | (0.058) | −0.104 | (0.057) | −0.102 | (0.058) | −0.095 | (0.056) | −0.110 | (0.059) |
Female literacy | −0.008*** | (0.001) | −0.008*** | (0.001) | −0.008*** | (0.001) | −0.008*** | (0.001) | −0.008*** | (0.001) |
Sanitation | −0.297 | (0.174) | −0.301 | (0.173) | −0.297 | (0.177) | −0.295 | (0.179) | −0.292 | (0.181) |
Government Effectiveness | −0.002 | (0.070) | ||||||||
Regulatory Quality | 0.042 | (0.074) | ||||||||
Control of Corruption | −0.006 | (0.065) | ||||||||
Rule of Law | −0.063 | (0.089) | ||||||||
Voice and Accountability | 0.043 | (0.063) | ||||||||
Constant | 8.894*** | (0.881) | 9.002*** | (0.889) | 8.876*** | (0.851) | 8.791*** | (0.850) | 8.948*** | (0.866) |
Adjusted R-squared | 0.67 | 0.68 | 0.67 | 0.68 | 0.68 | |||||
F | 36.31 | 37.33 | 36.53 | 38.39 | 38.34 | |||||
Observations | 374 | 374 | 374 | 374 | 374 | |||||
IV | ||||||||||
GDP per capita | −0.487*** | (0.082) | −0.484*** | (0.081) | −0.479*** | (0.083) | −0.450*** | (0.080) | −0.489*** | (0.082) |
Public Health Expenditure | −0.094** | (0.030) | −0.101*** | (0.030) | −0.098** | (0.031) | −0.087** | (0.029) | −0.114*** | (0.031) |
Female literacy | −0.009*** | (0.001) | −0.009*** | (0.001) | −0.009*** | (0.001) | −0.009*** | (0.001) | −0.009*** | (0.001) |
Sanitation | −0.046 | (0.068) | −0.078 | (0.064) | −0.093 | (0.065) | −0.062 | (0.063) | −0.072 | (0.065) |
Government Effectiveness | −0.096* | (0.047) | ||||||||
Regulatory Quality | −0.108* | (0.043) | ||||||||
Control of Corruption | −0.015 | (0.037) | ||||||||
Rule of Law | −0.183*** | (0.046) | ||||||||
Voice and Accountability | 0.082* | (0.040) | ||||||||
Sargan (p-value) | 0.369 | 0.342 | 0.241 | 0.313 | 0.205 | |||||
Adjusted R-squared | 0.68 | 0.68 | 0.67 | 0.70 | 0.68 | |||||
F | 100.37 | 102.02 | 97.60 | 108.58 | 100.46 | |||||
Observations | 223 | 223 | 223 | 223 | 223 |