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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
  1. t-statistics in parenthesis
  2. ** indicates significance at the 5 % level of or above