Dep: GDP per capita growth | (19) Control of corruption (Concor) | (20) Government effectiveness (Goveff) | (21) Political stability (Politic) | (22) Regulatory quality (Requa) | (23) Rule of Law (Rulelaw) | (24) Voice & Accountability (Voice) |
L1. GDPpcg | 0.2622*** [0.0453] | 0.2333*** [0.0514 | 0.2480*** [0.0362] | 0.2589*** [0.0317] | 0.2797*** [0.0434] | 0.2204*** [0.0499] |
Loggdppc | −1.4224** [0.6062] | −1.2612*** [0.4525 | −1.4924*** [0.3643] | −1.6788*** [0.3450] | −1.2418*** [0.3554] | −1.8051*** [0.3796] |
Capg | 0.2588*** [0.0109] | 0.2610*** [0.0132] | 0.2647*** [0.0119] | 0.2699*** [0.0166] | 0.2533*** [0.0136] | 0.2734*** [0.0162] |
Tech | 0.1582* [0.0856] | 0.0354 [0.0970] | 0.2214** [0.0840] | 0.2869** [0.1104] | 0.1585** [0.0714] | 0.1597 [0.1529] |
Humcap | 0.8868 [0.7601] | 0.4363 [0.6042] | 0.5348 [0.3429] | 1.5257*** [0.3067] | 0.7264** [0.3162] | 1.1647*** [0.2257] |
FDI | 2.4150*** [0.7849] | 2.8993** [1.3912] | 4.1262*** [1.3319] | 1.5589 [0.9438] | 2.3971* [1.2419] | 2.9059** [1.1860] |
Trade | 2.1227*** [0.5060] | 2.4871*** [0.4486] | 2.6466*** [0.6576] | 1.8945*** [0.4658] | 1.8546*** [0.5362] | 2.7593*** [0.8358] |
Inst | 17.1791 [12.5776] | 25.8662*** [8.6664] | 10.3405* [5.2527] | 6.2348* [3.2789] | 12.5733 [8.0825] | 10.5071** [5.0678] |
Trade*Fdi | −0.5381*** [0.1621] | −0.6552** [0.2952] | −0.9948*** [0.3156] | −0.3813* [0.2107] | −0.5386** [0.2592] | −0.6871** [0.2768] |
Inst*Trade | −3.8082 [3.0576] | −5.8716*** [1.9622 | −2.6139** [1.2645] | −1.3243 [0.8283] | −2.5758 [1.8053] | −2.5423** [1.2176] |
Inst*Fdi | −5.4798*** [1.6192] | −3.0125* [1.6240] | −2.5881 [1.7234] | −1.7379* [1.0032] | −4.1871** [1.5818] | −1.8737 [1.4711] |
Inst*Trade*Fdi | 1.2419*** [0.3554] | 0.7023** [0.3428] | 0.7637* [0.4170] | 0.3995* [0.2027] | 0.8991*** [0.3246] | 0.4821 [0.3438] |
N | 260 | 261 | 260 | 232 | 260 | 261 |
No. of Group | 29 | 29 | 29 | 29 | 29 | 29 |
No. of IVs | 31 | 31 | 31 | 30 | 31 | 31 |
AR(2) test | 0.628 | 0.731 | 0.374 | 0.882 | 0.769 | 0.542 |
Sargan test | 0.618 | 0.665 | 0.707 | 0.545 | 0.422 | 0.805 |
Hansen test | 0.763 | 0.780 | 0.845 | 0.843 | 0.721 | 0.944 |