Variables

1

2

3

4

5

6

7

8

9

GDPpc

0.1290***

(0.0307)

-

-

-

-

-

-

0.0843**

(0.0389)

0.0611

(0.0422)

QE

-

4.3396***

(0.7994)

-

-

-

-

-

1.6921

(1.0694)

1.0068

(1.0750)

Debt

-

-

0.0206

(0.0160)

-

-

-

-

0.0241**

(0.0121)

0.0199*

(0.0114)

Curacbal

-

-

-

0.1211**

(0.0535)

-

-

-

0.0212

(0.0493)

0.0316

(0.0500)

Trade

-

-

-

-

0.0196**

(0.0075)

-

-

−0.0003

(0.0089)

−0.0019

(0.0092)

Totrev

-

-

-

-

-

0.0930***

(0.0224)

-

0.0652***

(0.0194)

0.0493***

(0.0172)

Unem

-

-

-

-

-

-

−0.0746

(0.0592)

−0.0465

(0.0444)

−0.0394

(0.0436)

Popageing

-

-

-

-

-

-

-

-

0.1345**

(0.0622)

Polid

-

-

-

-

-

-

-

-

−0.0940

(0.2639)

Polstab

-

-

-

-

-

-

-

-

0.0160

(0.0156)

C

3.4817***

(0.3837)

3.9077***

(0.3442)

4.2296***

(0.8700)

5.5294***

(0.3946)

3.5380***

(0.7874)

2.5214***

(0.6682)

5.9050***

(0.6273)

0.7087

(0.9989)

0.2505

(0.9341)

R²

0.2621

0.1759

0.0195

0.0538

0.0516

0.1204

0.0088

0.3362

0.3497

B.P.G.Test

36.2281

[0.0000]

3.5001

[0.0614]

1.7141

[0.1905]

9.4701

[0.0021]

0.0361

[0.8493]

2.7192

[0.0991]

0.8072

[0.3703]

48.1174

[0.0000]

45.7535

(0.000)