Table 6. Fixed effects regression for social capital (voluntary association×trust) after Asian financial crisis

Variables	(1)	(2)	(3)
	EA Dem.	EA8	IMF3
Social capital (trust×association)	0.527	0.462	0.464
	(0.388)	(0.335)	(0.327)
Social capital×group	–0.656	–0.844	–3.078***
	(0.504)	(1.066)	(1.031)
Social capital×after crisis	–0.349	–0.301	–0.324
	(0.239)	(0.210)	(0.204)
Group after crisis	–0.211	–0.254	–0.328
	(0.156)	(0.240)	(0.265)
Social capital×group×after crisis	0.842	1.030	1.507**
	(0.542)	(0.797)	(0.754)
JI de jure	0.00846	0.00868	0.00849
	(0.00695)	(0.00703)	(0.00683)
Gov. consumption	–0.00377	–0.00351	–0.00348
	(0.00267)	(0.00260)	(0.00267)
Education	0.00382	0.00509	–5.17e–06
	(0.0146)	(0.0141)	(0.0141)
Urban population	0.00168	0.00233	0.000209
	(0.00285)	(0.00264)	(0.00224)
Constant	0.422*	0.382*	0.565***
	(0.236)	(0.220)	(0.196)
Country fixed effect	Yes	Yes	Yes
Year fixed effect	Yes	Yes	Yes
Observations	276	276	276
R-squared	0.105	0.110	0.147

p<0.1,
p<0.05,
p<0.01.
Robust standard errors in parentheses.
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.