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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Journal of Economic Structures Cover Image

Table 4 Differentiated impact of the Internet usage intensity on the share (%) of resource revenue in total resource revenue across various sub-samples.

From: Internet and the structure of public revenue: resource revenue versus non-resource revenue

Variables SHRESREV SHRESREV SHRESREV SHRESREV
(1) (2) (3) (4)
SHRESREVt−1 0.842*** (0.0391) 0.839*** (0.0389) 0.813*** (0.0154) 0.856*** (0.0333)
INTERNET − 0.0810*** (0.0253) − 0.0631*** (0.0217) − 0.0340*** (0.00990) − 0.0978*** (0.0216)
LIC*INTERNET − 0.344 (0.229)    
LMIC*INTERNET   − 0.142** (0.0633)   
UMIC*INTERNET    − 0.0248* (0.0148)  
HIC*INTERNET     0.0951*** (0.0249)
LIC 8.098** (3.949)    
LMIC   − 3.555 (4.455)   
UMIC    5.718*** (0.923)  
HIC     − 5.642 (3.502)
DUMRES*INTERNET 0.0906*** (0.0223) 0.0781*** (0.0195) 0.0683*** (0.00869) 0.0336* (0.0173)
DUMRES − 17.85*** (2.585) − 18.45*** (2.355) − 15.59*** (1.130) − 12.03*** (2.120)
Log(GDPC) 6.895*** (1.390) 3.960*** (1.054) 4.571*** (0.601) 4.372*** (1.205)
TP 0.0260 (0.0456) 0.0853** (0.0430) 0.0674*** (0.0230) 0.111*** (0.0318)
INFL − 3.245*** (0.595) − 2.515*** (0.561) − 2.150*** (0.137) − 3.329*** (0.360)
OILPR 13.61*** (2.603) 10.43*** (2.757) 12.69*** (1.344) 12.94*** (1.882)
INST − 2.902*** (0.559) − 2.193*** (0.433) − 2.557*** (0.234) − 2.399*** (0.476)
Log(POP) − 0.215 (1.032) − 1.566 (1.077) − 1.278** (0.550) − 1.942** (0.808)
Trend − 1.810*** (0.292) − 1.547*** (0.296) − 1.970*** (0.111) − 1.977*** (0.212)
Constant − 36.94* (20.80) 6.960 (21.26) − 5.386 (10.52) 7.540 (17.55)
Observations—countries 493—99 493—99 493—99 493—99
Number of instruments 52 52 73 60
AR1 (p value) 0.0050 0.0050 0.0046 0.0044
AR2 (p value) 0.4067 0.5065 0.5670 0.4495
AR3 (p value) 0.4424 0.4451 0.4540 0.3822
Sargan (p value) 0.1538 0.1742 0.2749 0.2806
  1. *p value < 0.1; **p value < 0.05; ***p value < 0.01. Robust standard errors are in parenthesis. The variables “Log(GDPC)”, “INFL”, and “TP” have been considered as endogenous. The other variables have been considered as exogenous. In particular, the variable “INST” has been considered as exogenous for two reasons: first, it changes little over time; second, the use of factor analysis severely mitigates the endogeneity concern that could stem from the reverse causality from the dependent variable