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

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Table 6 Conditional effects of financial inclusion on income inequality (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)
lnginilnginilnginilnginilnginilnginilngini
cfii− 0.105*** (0.0345)0.363 (0.332)− 0.114*** (0.0354)0.342 (0.485)− 0.0749*** (0.0263)− 0.106*** (0.0341)0.0926 (0.117)
lngdppc− 0.0269 (0.0212)− 0.0313 (0.0213)− 0.0347 (0.0213)− 0.0244 (0.0294)− 0.0228 (0.0205)− 0.0195 (0.0203)0.0136 (0.0219)
cfii*lngdppc − 0.0535 (0.0369)     
cfii*gdpgr  0.00439*** (0.00133)    
gdpgr  − 0.000511* (0.000306)    
cfii*lnssenroll   − 0.0979 (0.108)   
lnssenroll   − 0.0162 (0.0266)   
cfii*rule    0.136*** (0.0404)  
rule    0.00620 (0.0136)  
cfii*lninflation     − 0.00450 (0.00763) 
lninflation     0.000570 (0.00190) 
cfii*lnmobile      − 0.0386 (0.0238)
lnmobile      − 0.00496 (0.00403)
Constant3.952*** (0.159)3.980*** (0.158)4.011*** (0.159)3.995*** (0.205)3.927*** (0.153)3.898*** (0.152)3.655*** (0.160)
Observations947947947691946898942
R-squared0.1660.1810.1840.1960.2410.1680.205
Number of id10710710797106107106
  1. The dependent variable is income inequality measured by Gini coefficient. 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