Welfare

Health

School

Income

HDI index

Life expectancy (years)

Expected years of schooling

Logged GNI per capita, US$ PPP

Constant

0.3855419***

(5.15)

2.527004***

(34.47)

5.681974***

(2.74)

5.957379***

(8.24)

CFA

Logged Chinese ODA per capita, US$

0106983***

(4.14)

0.9714929***

(3.79)

0.249971***

(2.70)

0.1359981***

(3.87)

GOV

Government Effectiveness

(−0.0058297)

(−0.39)

(−0.8907244)

(−0.64)

(−0.0556424)

(−0.13)

(−0.0968684)

(−0.51)

TRA

4th root of Export Import, %GDP

0.0299859

(0.51)

4.074772

(0.67)

0.7801613

(0.49)

0.1871882

(0.30)

INV

Gross Capital Formation, %GDP

0.1453365***

(3.20)

14.22557***

(2.73)

3.860604***

(2.96)

1.268479***

(2.00)

INFL

4th root of Consumer Price Inflation, % growth by year

(−0.0647791)

(−1.37)

(−4.627342)

(−1.12)

(−1.730072)

(−1.28)

(−0.7619813)

(−1.23)

ODA

Logged ODA per capita, US$

0.0512803*** (5.07)

4.753102*** (5.06)

1.104889*** (3.80)

0.5514972*** (4.14)

N

705

705

705

705

R^2

0.2668

0.2771

0.1732

0.171

F

13

8.37

8.76

14.51

Significance

0.0000

0.0000

0.0000

0.0000

***=coefficient significant at 0.01 level

**=coefficient significant at 0.05 level

*=coefficient significant at 0.1 level

Names of transformed indexes have been italicized.