A Systems View Across Time and Space
Table 2 Results based on cross-sectional regressions
From: Does microfinance program innovation reduce income inequality? Cross-country and panel data analysis
Variables | OLS (without region) (1) | OLS (with region) (2) | VI (without region) (3) | VI (with region) (4) |
|---|---|---|---|---|
GLF | − 5.00*** (− 4.19) | − 2.5** (− 2.32) | − 3.61** (− 2.39) | − 0.83* (− 1.62) |
GDP | − 13.72*** (− 6.81) | − 7.31*** (− 3.04) | − 14.65*** (− 7.08) | − 6.99*** (− 3.25) |
DCP | − 0.02 (− 0.33) | 0.03 (0.66) | − 0.03 (− 0.47) | 0.014 (0.36) |
TRADE | 0.71*** (2.80) | 0.31*** (1.70) | − 0.03 (− 0.47) | 0.014 (0.36) |
MENA | – | − 13.40*** (− 3.81) | – | − 10.80*** (− 4.9) |
LAC | – | 6.62 (0.91) | – | 8.2 (1.30) |
SSA | – | 8.30*** (3.24) | – | 9.60*** (4.34) |
EAP | – | 0.38 (0.44) | – | 0.80 (1.35) |
ECA | – | − 0.98*** (− 3.14) | – | − 1.14*** (− 4.56) |
Constant | 135.60*** (10.41) | 74.68*** (3.93) | 138.80*** (10.74) | 67.13** (4.11) |
R-sq | 0.70 | 0.80 | 0.83 | 0.89 |
Under id (p value) | – | – | 33.5 (0.000) | 12.1 (0.0023) |
Weakid (p value) | – | – | 4.3 (0.0178) | 23.4 (0.000) |
Over id (p value) | – | – | 4.8 (0.028) | 3.208 (0.070) |
Hausman test(Prob > chi2) |  |  | 2.18 (0.700) | 3.87(0.900) |
Observations | 57 | 57 | 57 | 57 |