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Testing for differences in estimated coefficients in Table 1 (Stage 2)

PolS VA GE RQ RL CC

Estimates -1.609 -4.818 -5.296 -4.483 -4.292 -5.841

SE [0.782] [0.791] [1.227] [1.128] [1.175] [1.001]

PolS ---

VA 2.885** ---

GE 2.534** 0.327 ---

RQ 2.094* 0.243 0.487 ---

RL 1.901* 0.371 0.591 0.117 ---

CC 3.332** 0.802 0.344 0.900 1.003 ---

SE: Standard Error. PolS: Political Stability. VA: Voice & Accountability. GE: Government Effectiveness. RQ:

Regulation Quality. CC: Corruption-Control. RL: Rule of Law.

* P< .05 (one tailed)

** P< .01 (one tailed)

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