Variables

Panel 1

Panel 2

addval L1.

0.786016

(0.000)***

0.8067084

(0.000)***

curachal

−3.326999

(0.942)

0.084957

(0.878)

finconsex

−3.908059

(0.354)

0.0512219

(0.248)

gengovdeb

8.36e+10

(0.035)**

6.27e+08

(0.0816)

grossav

99.79896

(0.180)

0.413275***

(0.000)

Inflati

1.84e+08

(0.805)

−2.53e+10

(0.348)

Ofexch

−5.35e+09

(0.202)

6.01e+10**

(0.014)

Unemp

7.13e+10

(0.512)

−8.64e+09

(0.604)

Annees

−1.31e+11

(0.343)

−8.56e+09

(0.530)

AR(1)

0.298

0.305

AR(2)

0.231

0.305

Hansen

1.000

1.000

Sargan

0.319

0.310