The name is absent



Table 5

Size of government in panel
GMM and FE estimates

(1)

(2)

(3)

(4)

(5)

(6)

Dep var

last_cgexp

cgexp

last_cgexp

last_cgexp

cgexp

cgexp

maj

1.08

-0.86

(1.67)

(0.60)

district

0.25

0.42

(0.08)***

(0.15)***

threshold

-0.12

-0.18

(0.17)

(0.19)

coalition

6.51

0.94

(3.12)**

(0.38)**

single

-1.79

-0.52

(4.31)

(0.33)

L(1) dep var

0.53

0.93

0.46

0.66

0.98

0.98

(0.21)**

(0.03)***

(0.18)**

(0.17)***

(0.04)***

(0.04)***

L(2) dep var

-0.08

-0.14

-0.13

(0.03)**

(0.04)***

(0.04)***

Periods

legislatures

years

legislatures

legislatures

years

years

Over-id

5.35(3)

10.24(9)

7.11(9)

8.66(3)**

9.49(3)**

AR(2)

0.76

0.52

0.96

Estimation

GMM

FE

GMM

GMM

FEIV

FEIV

Obs.

111

889

105

105

822

822

N countries

34

36

32

32

34

34

Standard errors in parentheses, robust in cols (1),(3)--(4) * significant at 10%; ** significant at 5%; *** significant at 1%.

Estimation methods: FE: with country fixed effects. FEIV: fixed-effects instrumental-variable estimates.

GMM Arellano-Bond estimates (all variables in first differences).

Specification : always included: constant, lpop, prop65, ygap; in cols (1), (3)-(4) leg_length.

In col (1), instruments for lagged last_cgexp is one further lag of this variable.

In cols (3)-(4), type of government (coalition or single) is treated as endogenous with one lag of this variable plus maj, district, and threshold as instruments.

In cols (5)-(6), instruments for type of government is lagged type of government, plus maj, district, and threshold.

AR(2) Arellano-Bond test for absence of second order serial correlation.

Over-id: Test of over-identifying restrictions, distributed like Chi2 with degrees of freedoms in parenthesis;

critical values at 5% confidence: 7.81 cols (1), (5)-(6); 16.92 cols (3)-(4).



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