| LnRGDPt-i | lnHCDt-i | lnIDt-i | lnICTt-i | ECT(-1) |
Overall Sample of EA. | |||||
lnRGDP | - | 3.8921*** [0.001] | 5.1879*** [0.005] | 2.0871** [0.030] | −0.15328*** [−5.537] |
lnHCD | 4.6721*** [0.005] | - | 2.9523*** [0.012] | 3.9287*** [0.004] | −0.0867*** [−3.534] |
lnID | 4.0575*** [0.003] | 4.0259*** [0.034] | - | 4.2262*** [0.002] | −0.0926*** [−7.939] |
lnICT | 7.1612*** [0.000] | 5.4209*** [0.007] | 1.0227 [0.266] | - | −0.0738*** [−5.083] |
Lower Middle Income Countries (LMIC) | |||||
lnRGDP | - | 6.3271*** [0.000] | 5.6822*** [0.000] | 6.6392*** [0.000] | −0.0233*** [−4.2649] |
lnHCD | 5.0137*** [0.001] | - | 5.0061*** [0.000] | 6.9281*** [0.006] | −0.0981*** [−5.964] |
lnID | 6.2681*** [0.000] | 4.9936*** [0.003] | - | 9.5720*** [0.000] | −0.0682*** [−5.652] |
lnICT | 4.5219*** [0.001] | 4.0632*** [0.005] | 7.6388*** [0.000] | - | −0.1088*** [−7.536] |
Low Income Countries (LIC) | |||||
lnRGDP | - | 5.1748*** [0.004] | 4.9083*** [0.000] | 5.0637*** [0.000] | −0.0773*** [−6.736] |
lnHCD | 3.9870*** [0.021] | - | 5.3402*** [0.001] | 4.8561*** [0.003] | −0.0634*** [−6.120] |
lnID | 2.0822** [0.041] | 2.8346*** [0.000] | - | 5.1832*** [0.000] | −0.0473*** [−5.748] |
lnICT | 5.4252*** [0.000] | 4.7128*** [0.007] | 5.4381*** [0.000] | - | −0.0914*** [−6.643] |