Variables | Coefficients | ||
GMM | Fixed Effect(FE) | Random Effect (RE) | |
lnGDPPCGR(−1) | 0.417 |
|
|
lnHEPC | 0.157** | 0.235* | 0.252** |
lnFDI | 0.209*** | 0.347** | 0.381** |
lnODA | -0.892 | 0.168* | 0.174* |
lnPOP | 0.221** | 0.141*** | 0.143** |
lnGDS | 0.189*** | 0.308** | 0.290** |
Constant | 2.805* | 4.016*** | 4.136*** |
Countries | 36 | 36 | 36 |
Diagnostic tests | |||
AR(2) [p-value] | 0.208 |
|
|
Hansen-J test [p-value] | 0.169 |
|
|
Hausman (Chi2) |
| 278.11*** | 278.11 |
Wald test(Chi2) |
| 1.20E+05** |
|