The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 3 Effect of the components of AfT flows and development strategy on structural change in production
Variables | log(SCINAV) | log(SCINAV) | log(SCINAV) |
|---|---|---|---|
(1) | (2) | (3) | |
log(SCINAV)t−1 | 0.197 (0.0168)*** | 0.174 (0.0139)*** | 0.222 (0.0195)*** |
TCI | 0.0127 (0.00324)*** | 0.0137 (0.00358)*** | 0.00500 (0.00201)** |
log(AfTINFRACST) | 0.0568 (0.0136)*** | ||
log(AfTPRODCST) | − 0.0503 (0.0165)*** | ||
log(AfTPOLCST) | − 0.0349 (0.0165)** | ||
TP | − 0.000278 (0.00272) | 0.00101 (0.00213) | 0.00100 (0.00216) |
EDU | − 0.00952 (0.00106)*** | − 0.0104 (0.00122)*** | − 0.00772 (0.00101)*** |
FINDEV | 0.00194 (0.001000)* | 0.00648 (0.000964)*** | 0.00277 (0.000732)*** |
log(GDPC) | 0.128 (0.0264)*** | − 0.0160 (0.0349) | − 0.0109 (0.0314) |
log(POP) | − 0.219 (0.0188)*** | − 0.167 (0.0255)*** | − 0.117 (0.0178)*** |
SHARABLE | 0.00994 (0.00192)*** | 0.00654 (0.00254)** | 0.000596 (0.00294) |
INST | − 0.119 (0.0285)*** | − 0.106 (0.0195)*** | − 0.136 (0.0238)*** |
Constant | − 1.297 (0.325)*** | 0.158 (0.546) | − 0.801 (0.449)* |
Observations–countries | 334–81 | 334–81 | 325–78 |
Number of instruments | 74 | 74 | 74 |
AR1 (p value) | 0.0000 | 0.0000 | 0.0000 |
AR2 (p value) | 0.2804 | 0.4139 | 0.2646 |
AR3 (p value) | 0.3786 | 0.4461 | 0.4371 |
Sargan (p value) | 0.2244 | 0.1855 | 0.3818 |