From: The determinants of United Kingdom student visa demand from developing countries
Variables | (1) | (2) |
---|---|---|
Log of GDP per capita | 0.5467 | 0.5688 |
 | (0.4415) | (0.4448) |
Log of exchange rate | −0.7350** | −0.7294** |
 | (0.3604) | (0.3597) |
Log of real visa cost | 0.3332 | 0.3732 |
 | (0.4021) | (0.3655) |
Import share (%) | 1.9698** | 1.9504** |
 | (0.9681) | (0.9709) |
Export share (%) | −1.0885*** | −1.1132*** |
 | (0.3317) | (0.3393) |
Post 7/7 Dummy | †| −0.0501 |
 |  | (0.0801) |
Country-specific fixed effects included | Yes | Yes |
Country-specific time trends included | Yes | Yes |
Number of observations | 663 | 663 |
Number of Countries | 89 | 89 |
Serial Correlation Test (F-test) | 19.300*** | 19.352*** |
 | [0.000] | [0.000] |
Heteroscedasticity Test (Chi-squared) | 330.9*** | 298.8*** |
 | [0.000] | [0.000] |
R-squared (within) | 0.490 | 0.491 |