Research Article

Growth and Income Inequality: A Comparative Analysis

Table 2

The determinants of growth rate.

1970–19851985–1999
12123

GDP0.000030.000030.00003 0.000030.00005
(0.00003)(0.00003)(0.00003)(0.00003)(0.00003)
GINI−0.02150.02030.0377 0.0428*0.0372
(0.0259)(0.0220)(0.0246)(0.0246)(0.0248)
PRIM0.0138***0.0159***0.0266***0.0238**0.0350***
(0.0087)(0.0078)(0.0090)(0.0091)(0.0127)
SEC0.01130.0171−0.0179
(0.0163)(0.0174)(0.0141)
TER−0.0030−0.0020−0.0484***−0.0513***−0.0415**
(0.0347)(0.0287)(0.0163)(0.0163)(0.0179)
FER−0.1551−0.1555***−0.3488**−0.2476−0.2812
(0.0989)(0.0700)(0.1564)(0.1720)(0.1727)
AFRICA−1.1235***−0.9402−1.1368
(0.5977)(0.6958)(0.7076)
LATIN−1.1376***−1.7113***−1.8982***−2.1166**
(0.5117)(0.5629)(0.5741)(0.5951)
0.390.490.410.430.45

Notes: *,**,*** denote 10, 5, and 1 percent significance respectively, standard errors are in parenthesis.