Table 4: Bivariate Probit Model estimates
|
Exp. Sign |
Coe^. |
Std. Err. |
______z |
P value | |
|
IMF | |||||
|
BEF |
+ |
2.916 |
0.707 |
4.126 |
0.000 |
|
GDPPC |
— |
-0.0002 |
0.0002 |
-1.105 |
0.269 |
|
GDI |
— |
-3.926 |
1.997 |
-1.966 |
0.049 |
|
EDT |
+ |
-0.935 |
0.649 |
-1.439 |
0.150 |
|
GGC |
— |
-3.455 |
1.803 |
-1.916 |
0.055 |
|
EXP |
— |
-2.450 |
1.201 |
-2.040 |
0.041 |
|
BOP |
— |
-14.391 |
8.535 |
-1.686 |
0.092 |
|
IAR |
- |
-0.687 |
0.259 |
-2.648 |
0.008 |
|
CONS |
3.208 |
1.123 |
2.857 |
0.004 | |
|
DRES | |||||
|
GDPPC |
- |
-0.00004 |
0.0001 |
-0.313 |
0.754 |
|
GDI |
- |
-4.788 |
2.019 |
-2.372 |
0.018 |
|
EDT |
+ |
0.883 |
0.520 |
1.699 |
0.089 |
|
EXP |
— |
0.846 |
0.688 |
1.231 |
0.218 |
|
BOP |
— |
0.805 |
3.991 |
0.202 |
0.840 |
|
IAR |
+ |
3.226 |
1.348 |
2.393 |
0.017 |
|
IMF |
+ |
1.610 |
0.417 |
3.863 |
0.000 |
|
CONS |
-1.817 |
0.830 |
-2.189 |
0.029 | |
|
½ |
-3.272 |
0.074 |
-44.297 |
0.000 | |
|
Log-Likelihood |
-56.650 | ||||
|
Pseudo-R2_______ |
0.45 | ||||
|
No. observations |
93_______ |
28
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