Infant Mortality Rate

(Dependent variable)

System Gmm

Within Group

Ordinary Least Squares

Lagged infant mortality rate

1.00***

(0.000)

0.966***

(0.000)

0.993***

(0.000)

Aid as a ratio of GNI

0.008

(0.489)

0.001

(0.222)

0001

(0.371

Aid * institutional quality

−0.003

(0.491)

0.000

(0.183)

−0.000

(0.308)

Private consumption

0.012

(0.361

−0.015

(0.470)

0.015***

(0.003)

IMF

0.001

(0.578)

−0.0001

(0.833)

0.001

(0.455)

Financial development

0.004

(0.301)

0.004

(0.558)

0.001***

(0.001)

Population growth

−0.023

(0.159)

−0.007***

(0.002)

−0.013***

(0.000)

Constant

−0.196*

(0.041)

0.081

(0.769)

−0.126***

(0.001)

Sargan test

(0.000)***

sigma_u (0.023)

R-squared = 0.998

Hansen Test

(0.126)

Arellano Bond AR (1) Test

(0.263)

Sigma (0.012)

Adj R-squared = 0.998

Arellano Bond AR (1) Test

(0.464)

Rho (0.780)

Root MSE = 0.0143