Table 2: Proportional hazard models
|
Regressors |
(I) |
(H) |
(HI) |
(IV) |
(V) |
(VI) Il |
|
Inflation |
0.003** |
0.003** |
0.002** |
0.003*** |
0.001 |
0.002* |
|
Growth |
-0.068 |
-0.068 |
-0.061 |
-0.111** |
-0.131* |
-0.088* |
|
Reserves |
-2.301 |
-2.422 |
-2.128 |
-2.347 |
-1.527 |
-2.323 |
|
Openness |
-0.023*** |
-0.020*** |
-0.025*** |
-0.017** |
-0.042*** |
-0.018*** |
|
Current account |
-0.168*** |
-0.153*** |
-0.0189*** |
-0.196*** |
-0.133** |
-0.154*** |
|
Budget balance |
0.074 |
0.097* |
0.047 |
0.112** |
0.043 |
0.055 |
|
U nemploy ment |
-0.109** |
-0.107* |
—0.095* |
-0.127** |
-0.130 |
-0.121** |
|
Capital controls |
0.263 | |||||
|
Banking crisis |
0.312 | |||||
|
Fin. development |
0.397 | |||||
|
Political rights |
-0.092 | |||||
|
Real exch. rate |
20.707 | |||||
|
Central bank indep. |
1.709** | |||||
|
Country type |
0.712* | |||||
|
No. obs. |
Й55 |
Π05 |
937 |
968 |
757 |
1155 |
|
Prob(χ2) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |