Skip to main content

Advertisement

Table 5 OLS and quantile regression results for the principal model (1)

From: The demand for military spending in Latin American countries

  OLS regression Fixed effects Quantile regression
OLS FE Q0.05 Q0.10 Q0.25 Q0.50 Q0.75 Q0.90 Q0.95
Constant 0.210*** 0.189*** 0.081*** 0.010*** 0.081*** 0.011*** 0.023*** 0.023*** 0.035***
GDP − 0.200** − 0.059*** − 0.012** − 0.015*** − 0.013 0.011 0.007 − 0.036** − 0.076***
POP − 0.050*** − 0.126** 0.00*** 0.00*** 0.00*** 0.00** 0.00*** 0.00*** 0.00***
TRD − 0.003 − 0.016 − 0.011*** − 0.001*** − 0.007*** − 0.009** − 0.009* 0.011*** 0.007*
POLITY − 0.300* − 0.206** 0.048*** 0.038*** 0.002** 0.024*** − 0.014 − 0.044*** − 0.002***
INTER 0.202 0.165 0.058*** 0.086** 0.004 0.041 − 0.033 0.028 0.091
INTRA 0.404*** 0.313** 0.094*** 0.059*** 0.063*** 0.037** 0.044*** 0.035*** 0.011***
MN 0.103*** 0.356** 0.103*** 0.084* 0.298*** 0.374*** 0.235 0.642*** 0.575***
[Pseudo-]R2 0.145 0.189 0.133 0.142 0.140 0.081 0.078 0.194 0.319
  1. ***, **, and * significant at the 1, 5, and 10% levels, respectively