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Table 3 IV estimates (TSLS): determinants of corruption. Dependent variable: share of corruption on GDP (logs)

From: The effect of coca and FDI on the level of corruption in Bolivia

Variable (1) (2) (3)
Jan 93-Dec 2012 Jan 93-Dec 2001 Jan 93-Dec 2012 Jan 93-Dec 2001 Jan 93-Dec 2012 Jan 93-Dec 2001
Intercept 10.569** (51.87) 11.437** (11.48) 9.438** (33.10) 11.283** (8.66) 10.041** (24.32) 11.564** (8.23)
Real GDP per capita −1.181** (−24.37) −1.509** (−6.02) −1.196** (−26.80) −1.416** (−9.70) −1.189** (−24.33) −1.514** (−6.11)
Share of FDI on GDP −0.067** (−6.40) 0.023 (0.53)    −0.061** (−5.13) 0.023 (0.52)
Share of total trade on GDP    0.225** (4.08) −0.037 (−0.19) 0.127 (1.45) −0.022 (−0.11)
Price of Coca −0.031** (−2.51) 0.097** (3.42) −0.059** (−4.39) 0.092** (2.74) −0.043** (−2.91) 0.095** (2.79)
Evo dummy 0.066 (1.93) 0.002 (0.06) 0.015 (0.31)
Year dummies No Yes No Yes No Yes
Instruments 5 5 5 5 6 6
Adj. R2 0.94 0.85 0.94 0.85 0.94 0.85
# of observations 210 107 239 107 210 107
  1. t-statistics in parenthesis
  2. ** indicates significance at the 5 % level of or above