Model

Model 1

Model 2

Model 3

Model 4

Model 5

Model 6

Regressors

HDI (−1)

0.199*

0.203*

0.204*

0.204*

0.191

0.194

(1.66)

(1.69)

(1.72)

(1.71)

(1.52)

(1.55)

AID POLIT

−0.083

−0.084

−0.081

−0.077

−0.084

−0.085

(1.22)

(1.27)

(1.20)

(1.16)

(1.23)

(1.27)

POLIT * DSL

0.004

0.004

(1.24)

(1.23)

AID * POLIT * DSL

0.023***

(4.89)

DEM

0.009***

(6.83)

DEM * DSL

0.009

0.009

(1.16)

(1.15)

AID * DEM * DSL

0.063***

(7.63)

AUT

0.020***

(7.67)

AUT * DSL

−0.012

−0.012

(1.48)

(1.45)

AUT * DSL

−0.020**

(2.59)

AID * AUT * DSL

−0.01***

(4.48)

PPE ME

GDPPC (−1)

0.083**

0.081**

0.077**

0.075**

0.085***

0.083**

(2.63)

(2.57)

(2.29)

(2.23)

(2.78)

(2.71)

DSL

−0.076*

−0.078*

−0.076*

−0.077*

−0.072*

−0.075*

(1.77)

(1.79)

(1.81)

(1.84)

(1.73)

(1.76)

Contant

0.106

0.106

0.106

0.112

0.104

0.104

(1.39)

(1.42)

(1.36)

(1.44)

(1.33)

(1.36)

−0.301***

−0.301***

−0.458***

−0.471***

−0.293***

−0.268***

(4.13)

(4.13)

(6.00)

(6.42)

(3.96)

(3.73)

−1.387**

−1.372**

−1.401**

−1.443**

−1.346**

−1.335**

(2.14)

(2.17)

(2.13)

(2.22)

(2.03)

(2.06)

No. of Obs.

135

135

135

135

135

135

No. of Instruments

17

20

17

18

17

20

F-Stat

129.70

120.75

670.55

873.9

130.27

103.29

AR (2)

0.614

0.557

0.751

0.756

0.583

0.582

Hansen Test for (OIR)

0.251

0.577

0.322

0.373

0.284

0.590