Variables

Equation (1) GDP

Equation (2) Education

Equation (3) Life Expectancy

Constant

−7.71***

−84.51***

42.34***

Revenue Decentralization

−0.34

60.24**

−6.29***

Rev Dec*Dum 7^th NFC

0.59*

49.78***

−17.05

Institutional Democracy

0.004**

0.34***

0.009

GDP

-

10.65***

1.89

Labor

1.11***

-

-

Capital

0.53***

-

-

Trade

−0.12*

-

-

Employment Rate

-

0.13

-

Education Expenditures

-

1.23

-

Health Expenditures

-

-

0.09***

Number of Physicians

-

-

0.00*

R Squared

0.996

0.943

0.993

No. of Observations

37

37

37