Table 5 Panel corrected standard error (PCSE) model results
Variables | PCSE regression (LNINF case) | PCSE regression (LNCM case) |
|---|---|---|
LNPUH | −0.023* (− 1.86) | − 0.026* (− 1.76) |
LNPHY | −0.018** (− 2.12) | −0.022** (− 2.21) |
LNHIV | 0.076*** (4.86) | 0.109*** (5.89) |
LNGDP | −0.084*** (− 4.95) | − 0.102*** (− 5.11) |
LNEDU | − 0.530*** (− 7.66) | −0.623*** (− 7.49) |
LNGG | − 0.068*** (− 2.60) | −0.070** (− 2.27) |
LNGLOB | − 0.502*** (− 5.17) | −0.587*** (− 5.14) |
_Constant | 9.110*** (21.57) | 10.418*** (20.87) |
R-squared | 0.977 | 0.974 |
Wald chi2 | 455.26 | 492.73 |
Probability | 0.000 | 0.000 |
Number of observations | 266 | 266 |
Number of groups | 14 | 14 |