Table A.9: Models with further control variables (fixed effects)
Dependent variable: Credit per capita(1) / (2) / (3) / (4) / (5) / (6)
Disaster (% Population Affected) / 8.20** / 44.38** / 26.92** / 24.17** / 23.50** / 4.82*
(3.19) / (22.30) / (13.52) / (11.19) / (9.63) / (2.79)
Lagged Credit per capita / 0.846*** / 1.012*** / 1.021*** / 1.040*** / 1.084*** / 1.014***
(0.052) / (0.022) / (0.013) / (0.017) / (0.022) / (0.028)
GDP per capita (in logs) / 239*** / 1,120*** / 548*** / 348*** / 64 / 138***
(70.7) / (337.6) / (146.4) / (101.8) / (138.0) / (36.1)
Disaster * GDP per capita / -1.12*** / -5.83** / -3.64** / -3.32** / -3.36*** / -0.63
(0.42) / (2.68) / (1.74) / (1.47) / (1.24) / (0.39)
Share of Agriculture / 3.34** / 28.93** / 9.74* / 7.58 / 1.72 / 0.64
(1.52) / (13.23) / (5.03) / (5.42) / (5.24) / (0.71)
Disaster *Agriculture / -0.034 / -0.219 / -0.101 / -0.097 / -0.075 / -0.017
(0.023) / (0.189) / (0.073) / (0.059) / (0.055) / (0.014)
Polity2 / -7.84 / 3.85 / 5.21 / 10.48* / 0.48
(8.65) / (5.55) / (4.09) / (5.52) / (0.94)
Non-life Insurance Premia (% GDP) / -96.92
(84.43)
Financial Sector Rating / 49.69*
(25.87)
Lending Interest Rate / 0.892
(0.547)
Share of Resource Rent (% GDP) / -578**
(257)
Share of Forestry Rent (% GDP) / 5.15e-09
(4.90e-08)
Disaster * Polity2 / 0.013
(0.023)
Official Development Assistance (% GNI) / 0.393
(0.490)
Observations / 424 / 2,157 / 2,452 / 2,341 / 2,814 / 2,415
R-squared / 0.891 / 0.950 / 0.957 / 0.955 / 0.963 / 0.954
Number of Countries / 71 / 140 / 138 / 129 / 139 / 112
Notes: Annual data 1979-2011, except where first observation lost due to lags. All models include a constant term, country and year fixed effects. Errors clustered at the country level. Robust standard errors in parentheses. *** p<0.01, ** p<0.05, * p<0.1