Variables

lnZY

lnZY

lnZY

lnZY

lnZY

lnZY

lnZY

lnZY

lnHR

2.11***

(84.52)

1.21***

(46.75)

0.81***

(32.50)

0.84***

(34.03)

0.52***

(20.32)

0.51***

(18.84)

0.55***

(20.73)

1.33***

(49.75)

lnHI

1.15***

(73.58)

0.75***

(47.58)

0.96***

(53.09)

0.99***

(56.28)

0.99***

(56.25)

1.05***

(57.81)

1.38***

(79.51)

lnIM

0.63***

(67.20)

0.67***

(70.86)

0.63***

(68.21)

0.63***

(56.87)

0.55***

(49.44)

0.23***

(20.65)

lnAGE

−0.34**

(−23.04)

−0.67**

(−40.57)

−0.67***

(−39.67)

−0.69***

(−40.54)

−0.63***

(−40.04)

lnRI

0.34***

(39.97)

0.34***

(39.04)

0.36***

(41.38)

0.27***

(34.09)

lnPOP

−0.002

(−0.50)

LnFDI

0.09***

(16.35)

0.11***

(21.53)

lnPLAND

−0.30***

(−71.54)

-cons

2.08***

(52.59)

0.59***

(14.21)

5.96***

(67.10)

6.46***

(71.23)

7.42***

(81.03)

7.45***

(64.57)

6.69***

(63.03)

1.19***

(9.60)

N

714

714

714

714

714

714

679

679

R²

0.193

0.316

0.406

0.416

0.446

0.446

0.446

0.530

F-statistic

7153.27

***

6934.02

***

6827.04

***

5343.82

***

4822.99

***

4019.10

***

3820.07

***

4595.04

***