Skip to main content

Table 13 IV probit second-stage estimates

From: Financial development and the end-use of migrants' remittances

  (1) (2) (3)
Dependant variable Assets Production Consumption
Branches per 10 k residents 0.152 0.611* -0.888
  (0.359) (0.345) (0.659)
Log (avg. monthly remittance) 0.251*** 0.305*** 0.054
  (0.076) (0.087) (0.160)
Urban area -0.030 -0.320 0.966**
  (0.249) (0.470) (0.378)
Children in household -0.994*** -0.472 0.986*
  (0.297) (0.302) (0.538)
Education 6 to 8 years 0.114 1.052* -0.448***
  (0.200) (0.592) (0.133)
Education 9 to 11 years 0.053 1.355** -0.602***
  (0.250) (0.634) (0.201)
Education > 11 years 0.474 1.520*** -0.527
  (0.442) (0.522) (0.420)
Age of household head 0.006 0.047** -0.008
  (0.011) (0.019) (0.017)
Household size 0.046 0.047 -0.091***
  (0.040) (0.056) (0.032)
# of employed HH members -0.129 -0.162 0.171*
  (0.141) (0.121) (0.104)
Constant -1.788** -6.720*** -1.036
  (0.829) (1.324) (2.079)
Wald test of exogeneity    
Rho -0.150 -0.068 0.520
  (0.253) (0.221) (0.562)
N 464 464 464
Prob > F 0.000 0.000 0.004
  1. Standard errors clustered at community level in parentheses.
  2. *p < 0.10, **p < 0.05, ***p < 0.01.
  3. Education coefficients relative to baseline group with less than 6 years education