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A Systems View Across Time and Space

Table 4 First stage IV regression results

From: Does microfinance program innovation reduce income inequality? Cross-country and panel data analysis

Variables

Coefficients

w5lag_GLF

0.20*** (3.41)

CE

− 0.04*** (− 3.22)

GDP

− 0.19 (− 0.64)

DCP

0.007 (− 0.97)

TRADE

0.016** (2.54)

Constant

3.54 (1.37)

Observations

57

  1. Dependent variable: lag of GLF per capita.w5lagGLF is the weighted 5 year average lag of gross loan portfolio. CE is the enforcing contracts at the country level.w5lag_GLF and GDP variables are in logarithm. Figures in brackets show t-statistic
  2. ** and ***Indicate significance at the 5 and 1% levels, respectively