Table 6 Quantile regression results

EFW

0.024516***

(0.003898)

0.026816***

(0.004573)

0.020844***

(0.003964)

0.018722***

(0.003464)

0.017773***

(0.003322)

0.015267***

(0.003257)

0.010898***

(0.003237)

0.005741*

(0.003321)

0.002801

(0.004041)

(r−g)

0.000172

(0.000238)

0.000259

(0.000280)

0.000284

(0.000242)

0.000350*

(0.000212)

0.000551***

(0.000203)

0.000648***

(0.000199)

0.000685***

(0.000198)

0.000572***

(0.000203)

0.000109

(0.000247)

Lag GDP/capita

−1.13E − 06***

(1.44E − 07)

−1.54E − 06***

(1.69E − 07)

−1.97E − 06***

(1.47E − 07)

−2.24E − 06***

(1.28E − 07)

−2.23E − 06***

(1.23E − 07)

−2.13E − 06***

(1.20E − 07)

−2.30E − 06***

(1.20E − 07)

−2.32E − 06***

(1.23E − 07)

−2.58E − 06***

(1.49E − 07)

Govt. spending

−0.00440***

(0.000571)

−0.00441***

(0.000670)

−0.00386***

(0.000580)

−0.00332***

(0.000507)

−0.00331***

(0.000486)

−0.00305***

(0.000477)

−0.00233***

(0.000474)

−0.00200***

(0.000486)

−0.00214***

(0.000592)

Inflation

5.41E − 05

(0.000417)

1.16E − 05

(0.000490)

0.000215

(0.000424)

−0.000113

(0.000371)

−7.50E − 05

(0.000356)

0.000355

(0.000349)

1.81E − 05

(0.000347)

−0.000264

(0.000356)

−0.000454

(0.000433)

Population growth rate

0.007341***

(0.001799)

0.010521***

(0.002110)

0.017683***

(0.001829)

0.018781***

(0.001598)

0.021044***

(0.001533)

0.023195***

(0.001503)

0.026966***

(0.001494)

0.037097***

(0.001532)

0.042912***

(0.001864)

Natural resource rent

0.002827***

(0.000441)

0.002414***

(0.000518)

0.001409***

(0.000449)

0.000828**

(0.000392)

0.001150***

(0.000376)

0.001705***

(0.000369)

0.001894***

(0.000366)

0.000918**

(0.000376)

-0.001126**

(0.000457)

Gross savings rate

−0.00058**

(0.000281)

−0.000740**

(0.000329)

−0.000149

(0.000285)

0.000178

(0.000249)

0.000369

(0.000239)

0.000256

(0.000235)

0.000268

(0.000233)

0.000391

(0.000239)

0.001687***

(0.000291)

Tax revenue

4.80E − 06

(0.000342)

6.74E − 05

(0.000401)

−0.000189

(0.000348)

−0.000459

(0.000304)

−0.00081***

(0.000291)

−0.00126***

(0.000286)

−0.00150***

(0.000284)

−0.00136***

(0.000291)

−0.000111

(0.000354)

Trade openness

−0.00043***

(4.81E − 05)

−0.00040***

(5.64E − 05)

−0.00043***

(4.89E − 05)

−0.00040***

(4.28E − 05)

−0.00035***

(4.10E − 05)

−0.00031***

(4.02E − 05)

−0.00027***

(3.99E − 05)

−0.00031***

(4.10E − 05)

−0.00037***

(4.99E − 05)

Unemployment rate

0.001714***

(0.000400)

0.002221***

(0.000469)

0.002032***

(0.000407)

0.001715***

(0.000355)

0.001942***

(0.000341)

0.002439***

(0.000334)

0.002490***

(0.000332)

0.004075***

(0.000341)

0.007058***

(0.000415)

Observations

1394

1394

1394

1394

1394

1394

1394

1394

1394

Number of countries

82

82

82

82

82

82

82

82

82