Table 3.
Open in new tab

Banking crises and partisan spell termination, 1822–2010

Variables1822–1938/1970–20101822–19381970–2010
(1)(2)(3)
Crisis0.0931.949−0.519
(0.370)(1.575)(0.513)
Veto players−0.3481.660*−0.563
(0.493)(0.885)(0.649)
Crisis × veto players0.922−4.7592.423**
(0.801)(3.461)(1.124)
Boix age−0.00147−0.0301***−0.000407
(0.00297)(0.0111)(0.00293)
Degree of democracy—polity−0.0886−0.00698−0.102**
(0.0251)(0.0415)(0.0416)
GDP per capita (ln)−0.245**−0.804**0.0322
(0.113)(0.405)(0.144)
Growth−0.0151−0.0663**−0.00974
(0.0131)(0.0295)(0.0237)
Cumulative crises−0.00954−0.0574−0.0196
(0.0289)(0.0872)(0.0269)
Observations23827271743
Variables1822–1938/1970–20101822–19381970–2010
(1)(2)(3)
Crisis0.0931.949−0.519
(0.370)(1.575)(0.513)
Veto players−0.3481.660*−0.563
(0.493)(0.885)(0.649)
Crisis × veto players0.922−4.7592.423**
(0.801)(3.461)(1.124)
Boix age−0.00147−0.0301***−0.000407
(0.00297)(0.0111)(0.00293)
Degree of democracy—polity−0.0886−0.00698−0.102**
(0.0251)(0.0415)(0.0416)
GDP per capita (ln)−0.245**−0.804**0.0322
(0.113)(0.405)(0.144)
Growth−0.0151−0.0663**−0.00974
(0.0131)(0.0295)(0.0237)
Cumulative crises−0.00954−0.0574−0.0196
(0.0289)(0.0872)(0.0269)
Observations23827271743

Robust standard errors are in parentheses.

***

P < 0.01, **P < 0.05, *P < 0.1.

Table 3.
Open in new tab

Banking crises and partisan spell termination, 1822–2010

Variables1822–1938/1970–20101822–19381970–2010
(1)(2)(3)
Crisis0.0931.949−0.519
(0.370)(1.575)(0.513)
Veto players−0.3481.660*−0.563
(0.493)(0.885)(0.649)
Crisis × veto players0.922−4.7592.423**
(0.801)(3.461)(1.124)
Boix age−0.00147−0.0301***−0.000407
(0.00297)(0.0111)(0.00293)
Degree of democracy—polity−0.0886−0.00698−0.102**
(0.0251)(0.0415)(0.0416)
GDP per capita (ln)−0.245**−0.804**0.0322
(0.113)(0.405)(0.144)
Growth−0.0151−0.0663**−0.00974
(0.0131)(0.0295)(0.0237)
Cumulative crises−0.00954−0.0574−0.0196
(0.0289)(0.0872)(0.0269)
Observations23827271743
Variables1822–1938/1970–20101822–19381970–2010
(1)(2)(3)
Crisis0.0931.949−0.519
(0.370)(1.575)(0.513)
Veto players−0.3481.660*−0.563
(0.493)(0.885)(0.649)
Crisis × veto players0.922−4.7592.423**
(0.801)(3.461)(1.124)
Boix age−0.00147−0.0301***−0.000407
(0.00297)(0.0111)(0.00293)
Degree of democracy—polity−0.0886−0.00698−0.102**
(0.0251)(0.0415)(0.0416)
GDP per capita (ln)−0.245**−0.804**0.0322
(0.113)(0.405)(0.144)
Growth−0.0151−0.0663**−0.00974
(0.0131)(0.0295)(0.0237)
Cumulative crises−0.00954−0.0574−0.0196
(0.0289)(0.0872)(0.0269)
Observations23827271743

Robust standard errors are in parentheses.

***

P < 0.01, **P < 0.05, *P < 0.1.

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