Table 4. Fixed effects regression for social trust after Asian financial crisis
| Variables | (1) | (2) | (3) |
| EA Dem. | EA8 | IMF3 |
| Trust | 0.107 | 0.0896 | 0.0941 |
| (0.314) | (0.280) | (0.270) |
| Trust×group | –0.0798 | –0.221 | –1.807*** |
| (0.640) | (1.762) | (0.536) |
| Trust×after crisis | 0.00554 | 0.0209 | 0.00277 |
| (0.263) | (0.229) | (0.221) |
| Group×after crisis | 0.0913 | 0.00365 | –0.429 |
| (0.389) | (0.974) | (0.288) |
| Trust×group×after crisis | –0.112 | 0.0729 | 1.000** |
| (0.662) | (1.735) | (0.468) |
| JI de jure | 0.00984 | 0.00985 | 0.00981 |
| (0.00705) | (0.00713) | (0.00698) |
| Gov. consumption | –0.00202 | –0.00188 | –0.00216 |
| (0.00230) | (0.00227) | (0.00231) |
| Education | 0.0145 | 0.0144 | 0.0106 |
| (0.0116) | (0.0113) | (0.0112) |
| Urban population | 0.00103 | 0.00109 | –0.000170 |
| (0.00240) | (0.00221) | (0.00191) |
| Constant | 0.409 | 0.415 | 0.539** |
| (0.267) | (0.265) | (0.251) |
| Country fixed effect | Yes | Yes | Yes |
| Year fixed effect | Yes | Yes | Yes |
| Observations | 327 | 327 | 327 |
| R-squared | 0.069 | 0.073 | 0.118 |
p<0.1,
p<0.05,
p<0.01.
Robust standard errors used.
EA Dem.: South Korea, Thailand, Indonesia, Malaysia, Philippines.
EA8: China, Japan, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines.
IMF3: South Korea, Thailand, Indonesia
After crisis is coded 1 for years 2000, 2005. Coded 0 for years 1990, 1995.