(1)

(2)

(3)

VARIABLES

Primary education completion rate

Primary education completion rate

Primary education completion rate

Political stability

0.039*** (0.008)

0.020** (0.009)

Control of corruption

0.041** (0.018)

0.041** (0.018)

GDP

4.95e−14 (2.08e−14)

3.97e−14 (6.73e−14)

3.97e−14 (6.74e−14)

FDI

1.91e−13 (2.90e−13)

−7.43e−13 (6.43e−11)

1.78e−13 (2.90e−13)

Year fixed effect

Yes**

Yes**

Yes**

Constant

0.859*** (0.014)

0.863*** (0.014)

0.863*** (0.014)

Observations

533

533

533

R-squared

0.208

0.170

0.171