Skip to main content

Table 5 Probit regressions: robustness checks

From: Religious diversity and entrepreneurship in transition: lessons for policymakers

  (1) (2) (3) (4) (5) (6) (7) (8)
  Trial Startup Trial Startup Trial Startup Trial Startup
  Diversity dummy Regional diversity After 2005 Moving
Diversity 0.02* 0.03 0.10** -0.09 0.04** 0.08 0.05** 0.06
  (0.01) (0.03) (0.04) (0.14) (0.02) (0.11) (0.02) (0.06)
Male 0.06*** -0.01 0.06*** -0.01 0.03*** 0.03 0.06*** -0.01
  (0.01) (0.02) (0.01) (0.02) (0.00) (0.02) (0.01) (0.02)
Age 0.00*** 0.00 0.00*** 0.00 0.00*** 0.00 0.00*** 0.00
  (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
A g e 2  
Muslim -0.02 -0.03 -0.02 -0.04 0.00 -0.02 -0.02 -0.02
  (0.02) (0.05) (0.02) (0.04) (0.01) (0.05) (0.02) (0.05)
Christian 0.01 0.02 0.01 0.01 0.01 0.00 0.01 0.02
  (0.01) (0.03) (0.01) (0.03) (0.01) (0.05) (0.01) (0.03)
Risk Score 0.02*** 0.02*** 0.02*** 0.02*** 0.01*** 0.01 0.02*** 0.02***
  (0.00) (0.01) (0.00) (0.01) (0.00) (0.01) (0.00) (0.01)
Secondary Education 0.06*** 0.04 0.06*** 0.04 0.03*** 0.07 0.06*** 0.04
  (0.01) (0.04) (0.01) (0.04) (0.01) (0.05) (0.01) (0.04)
College Education 0.09*** 0.07 0.09*** 0.06 0.05*** 0.09* 0.09*** 0.06
  (0.02) (0.05) (0.02) (0.05) (0.01) (0.05) (0.02) (0.05)
Father’s Education 0.00*** 0.00 0.00*** 0.00 0.00*** 0.01 0.00*** 0.00
  (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
Member Communist 0.03*** -0.02 0.03*** -0.02 0.01*** -0.05** 0.03*** -0.02
Party (0.01) (0.02) (0.01) (0.02) (0.00) (0.03) (0.01) (0.02)
Urban 0.00 -0.01 0.00 -0.00 0.00 0.01 0.00 -0.01
  (0.01) (0.02) (0.01) (0.02) (0.00) (0.03) (0.01) (0.02)
No Move        -0.02*** 0.00
        (0.01) (0.02)
Loan Accepted   0.14***   0.14***   0.13***   0.14***
   (0.02)   (0.02)   (0.03)   (0.02)
Loan Rejected   -0.33***   -0.33***   -0.38***   -0.33***
   (0.04)   (0.04)   (0.04)   (0.04)
Locality Controls
Country Fixed Effects
Obs. 21,725 3,046 21,725 3,046 20,079 1,401 21,634 3,042
Pseudo R 2 0.11 0.16 0.11 0.16 0.12 0.16 0.11 0.16
  1. Notes. The table presents average marginal effects obtained from probit regressions. The dependent variables are whether the individual ever tried to set up a business and whether he managed to set it up (conditional on trial). Robust standard errors are in parentheses clustered at the country level. In Columns 1 and 2 Diversity is calculated as a dummy variable equal to 1 if local religious fractionalization is higher than 0.3. In Columns 3 and 4 Diversity is calculated as regional religious fractionalization. In Columns 5 - 8 Diversity is calculated as local religious fractionalization. Columns 5-6 limit the sample to those who tried to start a business only after 2005, while columns 7-8 control for whether the individual has ever moved. The Locality Controls not listed in the table are all of the locality (PSU) control variables included in Tables 2 and 3. *p < 0.10, **p < 0.05, ***p < 0.01. Checkmarks indicate that the respective control is included in the regressions.