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

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Table 5 Conditional effects of financial inclusion on 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)(6)(7)
lnpovheadlnpovheadlnpovheadlnpovheadlnpovheadlnpovheadlnpovhead
cfii− 2.050*** (0.515)− 1.590*** (0.548)− 16.74 (12.00)3.883 (4.747)5.722* (3.411)− 1.948*** (0.497)− 2.096*** (0.553)
gdpgr0.0126* (0.00695)0.0435** (0.0170)0.0105 (0.00687)0.0165*** (0.00504)0.0144** (0.00616)0.0127* (0.00708)0.0116 (0.00717)
lngini4.227*** (1.436)4.389*** (1.445)3.211** (1.594)3.361*** (1.154)3.653*** (1.332)4.109*** (1.544)4.117*** (1.493)
cfii*gdpgr − 0.0871** (0.0335)     
cfii*lngini  3.908 (3.170)    
cfii*lngdppc   − 0.477 (0.535)   
lngdppc   − 2.228*** (0.452)   
cfii*lnssenroll    − 1.643** (0.751)  
lnssenroll    − 0.350* (0.199)  
cfii*rule     0.322 (0.728) 
rule     − 0.137 (0.310) 
cfii*lninflation      − 0.00564 (0.164)
lninflation      − 0.0274 (0.0508)
Constant− 13.42** (5.478)− 14.19** (5.520)− 9.617 (6.080)6.868 (5.962)− 9.996* (5.443)− 13.05** (5.903)− 12.92** (5.675)
Observations384384384383309383371
R-squared0.4320.4480.4400.5450.4960.4330.430
Number of id96969695789595
  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