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Table 12 Variance inflation factor (VIF) for the regressors

From: How does depreciations management affect subsequent fiscal performance? The case of the Swiss cantons

Variables Without FE Cantonal FE Cantonal and Time FE
AD(− 1) 1.16 1.39 1.62
Balance(− 1) 1.29 1.42 1.75
Misestimation 1.11 1.26 1.44
Growth 1.07 1.12 2.26
Unemployment 1.62 2.17 9.66
Elderly 1.25 5.37 8.27
Leaning 1.29 2.81 2.99
Fragmentation 1.65 5.85 6.32
Concordance 1.70 7.36 7.53
Departments 1.31 3.11 3.76
Election 1.08 1.14 1.18
Initiative 1.88 35.06 38.01
Referendum 1.85 8.09 8.72
Rules 1.10 3.88 4.82
Mean VIF 1.38 4.93 5.14
  1. Multicollinearity may be an issue when the VIF is equal or higher than 10