Dep: GDP per capita growth | (1) | (2) | (3) |
L1. GDPpcg | 0.3203*** [0.0334] | 0.2744*** [0.0421] | 0.2138*** [0.0446] |
Loggdppc | −0.3412*** [0.0870] | −0.5045*** [0.1014] | −0.6304*** [0.1021] |
Capg | 0.2600*** [0.0102] | 0.2487*** [0.0092] | 0.2425*** [0.0067] |
Tech | 0.2012*** [0.0340] | 0.2483*** [0.0437] | 0.2391*** [0.0400] |
Humcap | 0.5851*** [0.1625] | 0.8106*** [0.1625] | 0.5937*** [0.1563] |
FDI |
| 0.0549** [0.0226] | 0.0703** [0.0318] |
Trade |
|
| 0.5277*** [0.1106] |
N | 315 | 261 | 260 |
No. of Group | 29 | 29 | 29 |
No. of IVs | 26 | 26 | 27 |
AR(2) test | 0.709 | 0.864 | 0.959 |
Sargan test | 0.309 | 0.215 | 0.160 |
Hansen test | 0.563 | 0.512 | 0.684 |