Variables

Before the crisis

After the crisis

C

−44.84296 **

6.717168

lnGDP

3.506417**

1.154081

RGDPG

−0.030018

−0.011740

TROPN

−0.008136

0.016534

FORAIDS

−7.26E-10

−2.61E-10

NATRES

−0.055699

0.089324*

ECOSTAB

0.034968***

−0.016007

POLSTAB

−0.221910

−0.386290*

lnWAGE

1.729501

2.174893

CREDPRIV

−0.071595**

−0.028483

BUSENV

−0.011727

0.011317

DUMMYPRES

−1.329757***

0.859500

R-squared

0.791014

0.810581

Adjusted R-squared

0.715871

0.753396