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Table 6 Size of banking sector

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

 

(1)

(2)

(3)

 

Assets

Production

Consumption

Branches per 10 k residents

-0.026

0.532***

-0.237**

 

(0.122)

(0.201)

(0.116)

Log (avg. monthly remittance)

0.249***

0.303***

0.072

 

(0.074)

(0.086)

(0.213)

Urban area

0.068

-0.270

0.715*

 

(0.154)

(0.360)

(0.401)

Children in household

-1.009***

-0.472

1.133***

 

(0.302)

(0.305)

(0.332)

Education 6 to 8 years

0.110

1.064*

-0.506***

 

(0.207)

(0.597)

(0.183)

Education 9 to 11 years

-0.005

1.352**

-0.447***

 

(0.240)

(0.652)

(0.171)

Education > 11 years

0.465

1.542***

-0.555

 

(0.449)

(0.539)

(0.573)

Age of household head

0.004

0.047**

-0.005

 

(0.011)

(0.019)

(0.015)

Household size

0.040

0.046

-0.074**

 

(0.040)

(0.056)

(0.034)

# of employed HH members

-0.137

-0.168

0.230***

 

(0.123)

(0.122)

(0.077)

Constant

-1.551**

-6.664***

-2.184

 

(0.668)

(1.364)

(1.378)

N

464

464

464

Pseudo r2

0.066

0.224

0.119

p > chi2

0.000

0.001

0.000

  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.