Table 3 Influence on level of democracy.
Participatory democracy index (Varieties of democracy) | |||||||
|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | |
RE inv. HHI | 0.010* | 0.011* | 0.003 | 0.009 | 0.001 | 0.005 | −0.002 |
(0.006) | (0.006) | (0.006) | (0.006) | (0.006) | (0.005) | (0.005) | |
GDP per capita | −0.005** | −0.002 | −0.002 | ||||
(0.002) | (0.002) | (0.002) | |||||
Rule of law | 0.063*** | 0.067*** | 0.067*** | ||||
(0.010) | (0.011) | (0.011) | |||||
Pol.stab | 0.010** | 0.011** | 0.011* | ||||
(0.005) | (0.005) | (0.005) | |||||
Fin.dev.index | −0.101*** | −0.140*** | −0.142*** | ||||
(0.024) | (0.029) | (0.029) | |||||
Conflict | −0.033* | −0.018 | |||||
(0.018) | (0.015) | ||||||
RE inv. HHI_conflict | 0.024 | 0.019 | |||||
(0.016) | (0.014) | ||||||
Observations | 1053 | 1043 | 994 | 1026 | 968 | 1053 | 968 |
R2 | 0.004 | 0.006 | 0.065 | 0.012 | 0.082 | 0.012 | 0.087 |
F Statistic | 3.235* (df = 1; 883) | 2.536* (df = 2; 873) | 19.112*** (df = 3; 826) | 5.437*** (df = 2; 861) | 14.339*** (df = 5; 804) | 3.456** (df = 3; 881) | 10.985*** (df = 7; 802) |
