Variables

1

2

3

4

Sector Aid

On HDIs

Programme Aid on HDIs

Sector aid on Infant mortality

Programme Aid on infant mortality

Lagged HDI

0.712***

(0.000)

00.864***

(0.001)

Lagged infant mortality rate

0.989***

(0.000)

0.995***

(0.000)

Sector AID as % of GNI

0.060**

(0.043)

0.042

(0.411)

Programme AID as a % GNI

−0.001

(0.975)

0.023

(0.727

Sector Aid * institutional quality

0.019***

(0.004)

−0.013

(0.384)

Programme Aid * institutional quality

0.001

(0.657)

−0.008

(0.752)

Private consumption

−0.587**

(0.002)

−0.337

(0.378)

0.021

(0.478)

0.012

(0.561)

IMF

0.038

(0.162)

0.004

(0.905)

−0.004

(0.622)

−0.000

(0.950)

Financial development

−0.037*

(0.047)

−0.020

(0.346)

0.005

(0.435)

0.002

(0.622)

Population growth

−0.005

(0.866)

0.002

(0.979)

−0.034

(0.191)

−0.016

(0.113)

Constant

4.826***

(0.001 )

2.767

(0.370)

−0.146

(0.485)

−0.102

(0.406)

Sargan test

(0.180)

(0.002)***

(0.107)

(0.040)*

Hansen Test

(0.304)

(0.078)*

(0.705)

(0.404)

Arellano Bond AR (1) Test

(0.054)*

(0.139)

(0.261)

(0.220)

Arellano Bond AR (2) Test

(0.068)*

(0.095)*

(0.377)

(0.518)