Model

TER

SEC

PRI

TER_HEA

SEC_HEA

PRI_HEA

(1)

(2)

(3)

(4)

(5)

(6)

Lagged GDP per capita

0.6355***

0.6171***

0.7697***

0.6354***

0.6092***

0.7707***

(0.0572)

(0.0703)

(0.0420)

(0.0541)

(0.0715)

(0.0425)

Inflation

0.0006

0.0005

−0.0002

0.0005

0.0005

−0.0002

(0.0004)

(0.0006)

(0.0004)

(0.0004)

(0.0006)

(0.0004)

Population Growth

−0.0050

−0.0231*

−0.0212*

−0.0038

−0.0236*

−0.0213*

(0.0096)

(0.0127)

(0.0110)

(0.0094)

(0.0127)

(0.0109)

FDI Inflows

0.0025

−0.0254***

−0.0102

0.0023

−0.0264***

−0.0105

(0.0076)

(0.0083)

(0.0067)

(0.0079)

(0.0091)

(0.0070)

Private Domestic Investment

0.1242***

0.0915**

0.1005***

0.1237***

0.0904**

0.1001***

(0.0415)

(0.0369)

(0.0322)

(0.0417)

(0.0370)

(0.0321)

Openness

−0.1267

−0.2602*

−0.1152

−0.1268

−0.2549

−0.1158

(0.0947)

(0.1554)

(0.1080)

(0.0929)

(0.1564)

(0.1087)

Health

−0.0585

0.0376

−0.0090

−0.0936

−0.2710

−0.3294

(0.0965)

(0.1112)

(0.0818)

(0.0964)

(0.4698)

(0.9749)

Tertiary Enrolment

0.1440***

0.0843

(0.0487)

(0.1308)

Secondary Enrolment

0.4561***

0.2983

(0.1585)

(0.2673)

Primary Enrolment

0.3268**

0.2184

(0.1553)

(0.3988)

Tertiary × Health

0.0379

(0.0816)

Secondary × Health

0.0949

(0.1459)

Primary × Health

0.0691

(0.2136)

Observations

204

213

326

204

213

326

Countries

31

30

34

31

30

34