Hello everyone,

I am currently interperting the results from an ordered logit regression, the following table shows these results with odds ratios. SCR is an ordinal variable that ranges from 1 to 22

Ordered logit, odds ratios clustered standard errors Bank claims and Bank liabilities
Bank claims Bank liabilities
(1) (2) (3) (4) (1) (2) (3) (4)
VARIABLES All countries HIG LIG NIG All countries HIG LIG NIG
SCR . . . . . . . .
(.) (.) (.) (.) (.) (.) (.) (.)
LogBclaims 1.9068*** 2.2969** 1.6172** 1.4832***
(0.1715) (0.7678) (0.3621) (0.1926)
LobBlib 1.8183*** 1.5799* 1.2364 1.5330***
(0.1993) (0.3727) (0.2955) (0.1944)
LogGDPcapita 4.7958*** 5.6374* 6.5603*** 2.3693*** 5.3839*** 7.8473* 6.0378*** 2.6592***
(0.8085) (5.8456) (3.0772) (0.5951) (0.9556) (8.3403) (3.0996) (0.6583)
VIXrate 1.0626*** 1.0730* 1.0433* 1.0424*** 1.0638*** 1.0743* 1.0360* 1.0450***
(0.0097) (0.0424) (0.0242) (0.0147) (0.0100) (0.0427) (0.0220) (0.0149)
TEDspread 0.9979 0.9994 0.9912** 0.9974 0.9974* 0.9988 0.9948 0.9963
(0.0013) (0.0041) (0.0044) (0.0022) (0.0014) (0.0040) (0.0043) (0.0024)
FDIpGDP 0.9972 0.9783 1.0011 0.9894*** 0.9986 0.9834 1.0017 0.9872***
(0.0071) (0.0250) (0.0012) (0.0038) (0.0093) (0.0240) (0.0014) (0.0034)
GDPchangeP 1.0773** 1.1613 1.0464 1.0529 1.0597* 1.1447 1.0353 1.0375
(0.0333) (0.1315) (0.0591) (0.0387) (0.0357) (0.1328) (0.0609) (0.0385)
DebtGDP 0.9778*** 0.9843 0.9902 0.9723*** 0.9774*** 0.9897 0.9947 0.9696***
(0.0055) (0.0131) (0.0063) (0.0043) (0.0063) (0.0143) (0.0059) (0.0048)
infPchange 0.8951*** 0.8744 1.0217 0.9114*** 0.8977*** 0.9216 0.9845 0.9122***
(0.0148) (0.0984) (0.0603) (0.0119) (0.0150) (0.1093) (0.0684) (0.0121)
Observations 1,688 410 448 830 1,694 410 448 836
Number of groups 86 28 38 60 86 28 38 60

































Am i correct to say that if logBclaims goes up by 1, with everything else held constant, the odds of going up 1 notch in SCR is 90% for all the (1) regression all countries (since the value is 1.9068)
In addition for an odds ratio below 1 like infPchange, could i say: With everything else held constant if InfPchange goes up by 1 the odds of going up 1 notch decrease with 11%
And for logGDPcapita since it is 4,79 how do interpert this? is it if logGDPcapita goes up by 1 the odds of SCR increasing with 1 is 379%? so it increase by 3.79 notches? i am still a little confused on how to interpert it if it is more than 1.9999.

Thank you for taking the time to read this!

Kind regards,

Max Verheijen