Root Causes of African Underdevelopment
Root Causes of African Underdevelopment
Root Causes of African Underdevelopment
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Table 4. Malaria and National SavingsDependent VariableMalaria Risk (MAL i )OLS Estimateobs = 45-15.21***(3.674)The Model⎛S⎞⎜ ⎟ = ς + ϑMALi+ ρlogyi+ ζ i⎝Y⎠i⎛Gross Savings as percentage <strong>of</strong> GDP in 2000S ⎞⎜ ⎟⎝Y⎠2SLS Estimate OLS Estimateobs = 45obs = 42-11.86***-14.85***(5.208)(3.869)2SLS Estimateobs = 42-12.25**(5.48)Log per Capita GDPin 2000 ( lo y )g i2.81(2.032)3.17(1.966)R 20.29890.3318F-Stat17.145.597.853.72P-value0.00020.02780.00140.033Instruments ME MENotes: ***, ** and * indicates significance level <strong>of</strong> 1%, 5% and 10% respectively against a two sided alternative.Figures in the parentheses are the respective standard errors. The instruments used is ME for Malaria Risk. Thestandard errors are heteroskedasticity robust. All the regressions reported above are carried out with an intercept.28