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Table 9 2SLS GMM estimates

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

 

(1)

(2)

(3)

 

Assets

Production

Consumption

Banked

-0.182**

-0.012

-0.153**

 

(0.085)

(0.027)

(0.077)

Log (avg. monthly remittance)

0.059***

0.018***

-0.026*

 

(0.020)

(0.007)

(0.015)

Urban area

-0.039

-0.025*

0.024

 

(0.051)

(0.015)

(0.050)

Children in household

-0.193**

0.000

0.107**

 

(0.079)

(0.023)

(0.048)

Education 6 to 8 years

0.013

-0.003

-0.023

 

(0.050)

(0.012)

(0.028)

Education 9 to 11 years

-0.027

0.001

-0.041

 

(0.048)

(0.015)

(0.033)

Education > 11 years

-0.010

0.014

0.011

 

(0.082)

(0.021)

(0.063)

Age of household head

-0.000

-0.000

-0.000

 

(0.002)

(0.001)

(0.002)

Household size

0.000

0.003

-0.001

 

(0.010)

(0.003)

(0.008)

# of employed HH members

-0.033

0.002

0.022

 

(0.021)

(0.005)

(0.014)

Constant

0.303*

-0.064

0.278

 

(0.162)

(0.058)

(0.187)

N

820

820

820

p

0.000

0.013

0.001

Test of endogeneity (Sargan C Statistic) p > chi2

0.1836

0.2502

0.5303

Test of overidentifying Restriction (Hansen J Statistic) p > chi2

0.5520

0.1804

0.5976

  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.