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Unformatted text preview: Role of State Regulation and Development TABLE V EVIDENCE ON THE TOLLBOOTH THEORY The table presents the results of OLS regressions using corruption as the dependent variable. The independent variables are (1) the log of the number of procedures; (2) the log of time; (3) the log of cost; and the log of per capita GDP in dollars in 1999. Panel A presents results for the 78 observations with available corruption data. Panel B reports results separately for the subsample of countries with GDP per capita in 1999 above and below the sample median. Table II describes all variables in detail. Robust standard errors are shown in parentheses below the coefficients. Panel A: Results for the whole sample Independent variable Number of procedures Time (1) 3.1811a (0.2986) (2) 1.8654a (0.2131) (3) Constant R2 N 11.8741a (0.7380) 0.4656 78 0.9966a (0.0864) 1.1345 (0.9299) 0.8125 78 11.0694a (0.5932) 0.4387 78 (6) 0.4978a (0.1285) 0.9960a (0.1118) 4.0893a (0.7867) 0.7306 78 0.8854a (0.1377) Cost Ln GDP/POP1999 (5) 1.2129a (0.1206) 1.7566a (0.1488) (4) 0.9765a (0.1014) 0.0677 (1.1176) 0.7662 78 2.7520a (0.2414) 0.4256 78 Panel B: Results for countries above and below the world median GDP per capita Countries above median GDP/POP1999 Independent variable Number of procedures Time (1) 1.8729a (0.2971) (2) Constant R2 N (4) 0.7841b (0.3304) 0.8135a (0.1762) Cost Ln GDP/POP1999 (3) Countries below median GDP/POP1999 1.4811a (0.2265) 3.6970 (2.4628) 0.7820 40 1.5871a (0.2789) 5.9027c (2.9942) 0.7155 40 (5) (6) 0.0923 (0.2850) 0.5327a (0.1894) 1.7621a (0.2913) 11.3736a (2.5773) 0.6728 40 0.3993b (0.1735) 2.3246c (1.2849) 0.2362 38 0.3680c (0.1802) 1.0098 (1.8813) 0.1324 38 0.3408a (0.1021) 0.2117 (0.1718) 1.3125 (1.1136) 0.2830 38 a. Significant at 1 percent; b. significant at 5 percent; c. significant at 10 percent. Development Economics, LSE Summer School 2007 27 ...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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