Lecture 14

80 000 958 150 076 000 000 838 127 026 045 838 127

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Unformatted text preview: .00] 958 150 0.76 [0.00] [0.00] 838 127 [0.26] [0.45] 838 127 [0.01] 2895 148 0.93 -0.153 (0.133) [0.19] -0.063 -0.301 0.016 [0.11] (0.115) (0.301) (0.119) -0.014 (0.020) [0.00] -0.534 (0.479) (0.085) Education t-1 -0.020 (0.055) -0.013 Log Population t-1 -0.032 (0.043) -0.009 (0.025) -0.006 (0.033) -0.025 (0.024) [0.01] [0.00] [0.00] [0.00] 589 92 [0.28] [0.88] 589 92 677 96 0.76 680 96 0.73 [0.01] 2867 147 0.93 Fixed effects OLS regressions in columns 1, 2, 5, 6, 7, and 10, with country dummies and robust standard errors clustered by country in parentheses. Columns 3 and 8 use instrumental variables method of Anderson and Hsiao (1982), with clustered standard errors, and columns 4 and 9 use GMM of Arellano and Bond (1991), with robust standard errors; in both methods we instrument for income using a double lag. Year dummies are included in all regressions, and the time effects F-test gives the p-value for their joint significance. Dependent variable is augmented Freedom House Political Rights Index. Base sample in all columns is an unbalance...
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This document was uploaded on 02/28/2014 for the course ECON 2328 at Harvard.

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