Table 7. Fixed effects regression for social capital for advanced West after Asian financial crisis

Variables	(1)	(2)	(3)
	Trust	Association	Trust × association
Social capital	–0.155	0.0222	0.0986
	(0.414)	(0.129)	(0.255)
Social capital×advanced West	0.0889	0.427	0.721
	(0.549)	(0.315)	(0.571)
Social capital×after crisis	0.314	–0.0467	0.133
	(0.374)	(0.157)	(0.247)
Advanced West×after crisis	–0.0995	–0.0287	–0.00711
	(0.322)	(0.153)	(0.167)
Social capital × advanced West × after crisis	0.0875	0.00566	–0.176
	(0.567)	(0.284)	(0.539)
JI dejure	0.00773	0.0125*	0.00749
	(0.00685)	(0.00692)	(0.00729)
Gov. consumption	–0.00163	–0.00405*	–0.00315
	(0.00226)	(0.00230)	(0.00254)
Education	0.0165	0.000660	0.0108
	(0.0113)	(0.0154)	(0.0143)
Urban population	0.00141	0.00280	0.00224
	(0.00263)	(0.00276)	(0.00291)
Constant	0.493*	0.407*	0.368
	(0.257)	(0.218)	(0.234)
Country fixed effect	Yes	Yes	Yes
Year fixed effect	Yes	Yes	Yes
Observations	327	302	276
R-squared	0.097	0.118	0.129

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.
Advanced West: Western European states, the United States, and Canada.