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.