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Table2.html
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<table style="text-align:center"><caption><strong>Table 2: Aggregate Level: Public Sector Employment as Share of Formal Employment & Wage Bill as % of GDP</strong></caption>
<tr><td colspan="3" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left"></td><td colspan="2"><em>Dependent variable:</em></td></tr>
<tr><td></td><td colspan="2" style="border-bottom: 1px solid black"></td></tr>
<tr><td style="text-align:left"></td><td>psec_sformal_em</td><td>wbill_per_gdp</td></tr>
<tr><td style="text-align:left"></td><td>(1)</td><td>(2)</td></tr>
<tr><td colspan="3" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left">egov_index</td><td>0.138<sup>***</sup></td><td>-0.129</td></tr>
<tr><td style="text-align:left"></td><td>(0.050)</td><td>(0.084)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">log(gdp_percap)</td><td>-0.902<sup>***</sup></td><td>-0.521<sup>*</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.297)</td><td>(0.302)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">icrg_qog</td><td>-0.554<sup>**</sup></td><td>0.295</td></tr>
<tr><td style="text-align:left"></td><td>(0.257)</td><td>(0.201)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">upop</td><td>-0.043</td><td>0.058</td></tr>
<tr><td style="text-align:left"></td><td>(0.037)</td><td>(0.042)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">time</td><td></td><td>-0.011</td></tr>
<tr><td style="text-align:left"></td><td></td><td>(0.109)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">time_squared</td><td></td><td>-0.003</td></tr>
<tr><td style="text-align:left"></td><td></td><td>(0.015)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td style="text-align:left">Constant</td><td></td><td>5.473<sup>*</sup></td></tr>
<tr><td style="text-align:left"></td><td></td><td>(3.205)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td></tr>
<tr><td colspan="3" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left">Observations</td><td>120</td><td>120</td></tr>
<tr><td style="text-align:left">R<sup>2</sup></td><td>0.177</td><td>0.145</td></tr>
<tr><td style="text-align:left">Adjusted R<sup>2</sup></td><td>-0.020</td><td>0.099</td></tr>
<tr><td style="text-align:left">F Statistic</td><td>5.161<sup>***</sup> (df = 4; 96)</td><td>19.124<sup>***</sup></td></tr>
<tr><td colspan="3" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left"><em>Note:</em></td><td colspan="2" style="text-align:right"><sup>*</sup>p<0.1; <sup>**</sup>p<0.05; <sup>***</sup>p<0.01</td></tr>
</table>