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

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Table 3 Financial inclusion and poverty (fixed effect estimation)

From: Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis

Variables(1)(2)(3)(4)(5)
lnpovheadlnpovheadlnpovheadlnpovheadlnpovhead
cfii− 2.709*** (0.433)− 2.050*** (0.515)− 1.561*** (0.527)− 1.559*** (0.513)− 1.430*** (0.465)
gdpgr 0.0126* (0.00695)0.0128* (0.00701)0.0115 (0.00742)0.00580 (0.00713)
lngini 4.227*** (1.436)3.667*** (1.319)3.395** (1.366)3.468*** (1.244)
lnssenroll  − 0.459* (0.256)− 0.560** (0.257)− 0.481** (0.240)
lnpcredit  − 0.180 (0.212)− 0.232 (0.220)− 0.243 (0.212)
rule   0.196 (0.273)0.166 (0.256)
lninflation   − 0.0576 (0.0440)− 0.0883** (0.0373)
lngovtexp    − 0.421 (0.316)
lntradeopen    0.359 (0.312)
Constant2.664*** (0.133)− 13.42** (5.478)− 8.992* (5.397)− 7.132 (5.643)− 8.131 (5.230)
Observations385384306294290
R-squared0.3590.4320.4890.5010.514
Number of id9696777673
  1. The dependent variable is poverty headcount ratio. For details of the explanatory variables, see Appendix B. All standard errors are robust and reported in parentheses. The symbols ***, **, and * indicate statistical significance at the 1%, 5%, and 10% level, respectively