{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

File2-page130 - Number of bank branches in 1961 per...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Burgess & Pande (2003) Credit and Microfinance Rural bank credit Rural bank saving Priority sector Cooperative Rural unbanked Banked share share credit share credit share (1) (2) (3) (4) (5) (6) Number of bank branches in 1961 0.07** 0.14*** 0.17 -0.02 -0.08 0.41 per capita *(1961-2000) trend (0.03) (0.01) (0.20) (0.23) (0.62) (0.33) Number of bank branches in 1961 -0.25*** -0.07*** -1.09** -0.82*** 0.08 -0.02 per capita*(1977-2000) trend (0.03) (0.02) (0.43) (0.25) (0.86) (0.41) Number of bank branches in 1961 0.17*** 0.10** 0.89*** 0.39* -0.18 0.02 per capita*(1990-2000) trend (0.04) (0.04) (0.26) (0.20) (0.33) (0.99) Post-1976 dummy* (1977-2000) trend 0.34 0.53** -0.30 -0.16 -3.36 -3.64 (0.25) (0.19) (1.49) (0.77) (2.40) (2.22) Post-1989 dummy*(1990-2000) trend -0.24 -0.40*** 2.03 0.28 -0.04 -3.15 (0.15) (0.10) (1.52) (0.55) (1.85) (2.61) State and year dummies YES YES YES YES YES YES Other controls YES YES YES YES YES YES Adjusted R-squared 0.96 0.98 0.91 0.92 0.88 0.83 F-test 1 16.87 8.97 12.8 25.67 0 5.75 [0] [0] [0] [0] [0.99] [0.02] F-test 2 0.49 27.22 0.03 10.35 1.79 0.17 [0.49] [0] [0.86] [0] [0.20] [0.68] Number observations 636 636 512 512 512 491 TABLE 3: BANKING AS A FUNCTION OF INITIAL FINANCIAL DEVELOPMENT Number branches, by location: Standard errors clustered by state are reported in parenthesis, p-values are in square brackets. Explanatory variables reported are bank branches in 1961 per 100,000 persons interacted with (row-wise)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}