Table 4 Robustness checks, 5-year averages (HIV models)
Variables | PSCC-OLS | PSCC-FE | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Quadratic Models | Moderation Models | Quadratic Models | Moderation Models | |||||||||
lnMAT [1] | lnCHD [2] | lnLEX [3] | lnMAT [4] | LnCHD [5] | LnLEX [6] | lnMAT [7] | lnCHD [8] | lnLEX [9] | lnMAT [10] | lnCHD [11] | lnLEX [12] | |
lnHEXPC | 0.818*** (10.34) | 0.209*** (2.867) | −0.0619 (−1.225) | 0.348*** (6.799) | 0.152*** (11.01) | −0.0615** (−2.610) | − 0.306*** (−7.382) | − 0.164** (− 2.619) | 0.0314*** (6.134) | − 0.166*** (− 10.11) | − 0.0845 (− 1.502) | −0.00744 (− 0.691) |
lnEDU | 0.374*** (4.325) | −0.533*** (− 8.122) | 0.0910*** (4.483) | 3.312*** (59.39) | 0.799*** (15.06) | −0.313*** (−3.916) | − 0.541*** (− 4.865) | −0.834*** (− 8.503) | 0.0546** (2.498) | −1.862*** (− 12.30) | −1.258*** (− 4.214) | −0.0415 (− 0.463) |
lnHEXPCSQ | − 0.127*** (− 23.07) | −0.0366*** (− 5.108) | 0.00882* (1.831) | 0.0442*** (7.349) | 0.0192*** (3.579) | −0.00389*** (− 5.440) | ||||||
lnHEXPC*lnEDU | −0.793*** (− 29.64) | − 0.341*** (− 44.48) | 0.102*** (4.793) | 0.278*** (14.18) | 0.0886* (1.915) | 0.0212 (1.372) | ||||||
lnICT | −0.374*** (− 9.934) | − 0.197*** (−8.269) | 0.0418*** (3.861) | −0.442*** (− 9.084) | −0.243*** (− 13.40) | 0.0570*** (5.235) | − 0.0986*** (− 5.394) | −0.0129 (− 1.381) | 0.0110*** (3.474) | − 0.0740*** (− 4.956) | −0.00774 (− 0.482) | 0.0168*** (2.964) |
lnHCON | 0.0615 (1.155) | −0.480*** (− 10.64) | − 0.0163*** (− 2.858) | −0.0290 (− 0.411) | −0.520*** (− 9.280) | −0.00419 (− 1.001) | −0.176 (− 1.409) | −0.0576 (− 1.443) | 0.0104 (0.569) | − 0.209* (− 1.715) | −0.0638 (− 1.549) | 0.00173 (0.0982) |
lnHIV | 0.101*** (11.67) | 0.131*** (13.77) | −0.0498*** (− 5.543) | 0.0706*** (6.656) | 0.125*** (15.19) | −0.0489*** (− 5.971) | − 0.190*** (− 7.997) | 0.00868* (1.755) | 0.0267 (1.564) | − 0.196*** (− 18.71) | 0.0145** (2.539) | 0.0152 (0.955) |
lnTFP | 0.0400 (0.259) | 0.00291 (0.115) | − 0.0160 (− 0.833) | 0.0890 (0.843) | 0.0345** (2.295) | − 0.0266* (− 1.876) | 0.171** (2.117) | − 0.0101 (− 0.529) | −0.0262 (− 1.555) | 0.167** (2.215) | − 0.0172 (− 1.157) | −0.0185 (− 1.146) |
Threshold | 3.22 | 2.86 | NA | 0.44 | 0.46 | 0.60 | 3.46 | 4.27 | 4.04 | 0.60 | NA | NA |
Constant | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Year Dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 |
R-squared | 0.652 | 0.583 | 0.651 | 0.685 | 0.614 | 0.692 | ||||||
Countries | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
F-Statistic | 156.8 | 98.33 | 669.8 | 12,423 | 759.1 | 21.28 | 1794 | 5678 | 1296 | 1827 | 486.1 | 93.16 |