Table 4 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 | 5.664** (28.77) | 5.469** (26.52) | 6.899** (10.55) | 3.378** (4.12) | 6.933** (9.36) | 4.034** (5.52) |
Investment profile | 0.094 (1.98) | 0.005 (0.16) | 0.143** (3.77) | 0.089** (2.29) | 0.093 (1.96) | 0.029 (0.80) |
Risk for inflation | −0.042** (−3.42) | −0.004 (−0.26) | −0.044** (−3.93) | 0.013 (0.64) | −0.040** (−3.19) | –0.009 (−0.48) |
Share of FDI on GDP | −0.085** (−3.72) | −0.182** (−5.40) |  |  | −0.082** (−3.55) | −0.180** (−5.38) |
Share of imports on GDP |  |  | −0.377** (−2.30) | 0.267 (1.49) | −0.314 (−1.78) | 0.316** (2.05) |
Price of coca | −0.140** (−4.07) | 0.085** (2.18) | −0.115** (−2.97) | 0.148** (3.42) | −0.106** (−2.70) | 0.090** (2.32) |
Evo dummy | −0.712** (−11.88) | – | −0.574** (−10.25) | – | −0.635** (−8.55) | – |
Year dummies | No | Yes | No | Yes | No | Yes |
Instruments | 6 | 6 | 6 | 6 | 7 | 7 |
Adj. R2 | 0.79 | 0.75 | 0.77 | 0.67 | 0.79 | 0.76 |
# of observations | 210 | 107 | 239 | 107 | 210 | 107 |