Explaining variables

(1)

(2)

(3)

(4)

C

5.160^***

−9.934^***

−10.747^***

−11.483^***

(0.44)

(0.40)

(0.46)

(0.53)

LNFIR

2.426^***

0.943^***

0.798^***

0.847^***

(0.46)

(0.17)

(0.17)

(0.17)

LNSTK

0.445^***

0.109^***

0.102^***

0.100^***

(0.06)

(0.25)

(0.02)

(0.02)

LNRDE

1.113^***

0.902^***

0.792^***

(0.03)

(0.07)

(0.08)

LNRDP

0.379^***

0.462^***

(0.11)

(0.11)

LNFDI

0.103^**

(0.04)

Obs

310

310

310

310

R²

0.27

0.9

0.91

0.93

Model

FE

FE

FE

FE