Table 5 Quantile regression
From: Institutional quality and renewable energy capital flows in Africa
Variables | Q.20 | Q.40 | Q.60 | Q.80 | Q.95 |
|---|---|---|---|---|---|
L.Capital flows | 0.516*** | 0.656*** | 0.386*** | 0.144** | 0.0758** |
(0.0174) | (0.0332) | (0.0346) | (0.0624) | (0.0344) | |
Economic freedom index | 0.111*** | 0.116** | 0.125*** | 0.0937 | 0.326* |
(0.0249) | (0.0504) | (0.0431) | (0.144) | (0.169) | |
Economic freedom index2 | − 0.00116*** | − 0.00118** | − 0.00126** | − 0.00114 | − 0.00433*** |
(0.000264) | (0.000596) | (0.000519) | (0.00137) | (0.00167) | |
Interest rate | 0.380*** | − 0.263*** | 0.863*** | 0.981*** | 1.165*** |
(0.0979) | (0.0611) | (0.165) | (0.260) | (0.276) | |
Exchange rate | − 2.363*** | − 0.414 | 0.968*** | 0.724 | 0.238 |
(0.828) | (0.345) | (0.324) | (0.538) | (0.318) | |
Urbanisation | − 0.0109 | − 0.0159* | − 0.0110** | − 0.0101 | 0.0234** |
(0.00717) | (0.00821) | (0.00516) | (0.00844) | (0.0117) | |
GDP | 0.323*** | 0.0979 | 0.0782 | − 0.803 | 0.0385 |
(0.0539) | (0.0713) | (0.0965) | (0.500) | (0.136) | |
Inflexion point | 0.94* | 0.75* | 1.15 | 2.43** | 0.43 |
Observations | 298 | 298 | 298 | 298 | 298 |
Number of groups | 20 | 20 | 20 | 20 | 20 |