Clayton

Kuwait

Qatar

Saudi

UAE

Bahrain

Oman

1.0238^***

−2.9515^**

−2.6441

−1.5003

−2.4787^***

−0.7919

(3.585)

(−2.158)

(−1.393)

(−1.419)

(−3.292)

(−0.787)

−1.0265^***

−2.5471

0.6510

0.7773^***

−0.7541

(−4.998)

(−1.009)

(1.001)

(4.003)

(−0.135)

1.3089

0.0049

−0.0014

−0.7420^***

0.0022

(4.845)

(0.383)

(0.9361)

(−3.576)

(0.005)

−0.4967^***

−0.7113^*

−0.3183

0.4088

−0.6993^*

0.3341

(3.698)

(−1.667)

(0.417)

(1.165)

(−1.876)

(0.604)

1.4058^***

−1.0138

−0.4748

−0.6240

0.8314

−0.4723

(4.132)

(−0.941)

(−0.268)

(−0.515)

(1.118)

(−0.615)

(0)

(0)

(0)

(0)

−12.4932

−4.7341

−5.4993

− 6.1496

−6.2265

−10.1203

−25.9086

−10.4693

−11.7118

−12.2642

−12.4468

−20.2402

−25.8854

−10.3838

−11.6829

−12.2537

−12.4295

−22.2396