Variables

Equation (1) GDP

Equation (2) Education

Equation (3) Life Expectancy

Constant

−6.23***

−76.71**

45.24**

Composite Decentralization

0.289***

−8.02

−7.77

Com Dec*Dum 7^th NFC

0.248**

26.33***

0.019

Institutional Democracy

0.006***

0.246***

−0.031***

GDP

-

11.46***

1.41

Labor

1.15***

-

-

Capital

0.45***

-

-

Trade

−0.065

-

-

Employment Rate

-

−0.001

-

Education Expenditures

-

2.14***

-

Health Expenditures

-

-

0.106***

Number of Physicians

-

-

0.002

R Squared

0.996

0.939

0.994

No. of Observations

37

37

37