Variables

Model 1

HC1

Model 2

HC2

Model 3

PGap

AB

−0.0293***

−0.0433***

−0.0156***

(0.0107)

(0.00442)

(0.00139)

LN

−0.107**

−0.0568***

−0.0130**

(0.0502)

(0.0208)

(0.00654)

AL

−2.487***

−1.003***

−0.386***

(0.387)

(0.160)

(0.0504)

TR

0.00259

−0.395

−0.147

(0.390)

(0.161)

(0.0508)

HE

−0.0688***

−0.0544***

−0.0173***

(0.0249)

(0.0103)

(0.00324)

FDI

0.159

0.00861

−0.00910

(0.202)

(0.0836)

(0.0263)

AGR

−0.447***

−0.0453

−0.00716

(0.131)

(0.0543)

(0.0171)

CPI

0.00200**

0.00156**

0.000167**

(0.0011)

(0.00455)

(0.00143)

POP

0.447***

0.255***

0.0515**

(0.0167)

(0.0690)

(0.0217)

EDU

−0.0121*

−0.370*

−0.106*

(0.0172)

(0.0195)

(0.0614)

RPOP

0.280

0.0722

0.00690

(0.168)

(0.0697)

(0.0219)

GDPPC

−0.0288***

−0.0124***

−0.00138***

(0.0274)

(0.0113)

(0.00356)

Constant

−21.55**

−15.03***

−4.387***

(8.314)

(3.440)

(1.082)

Observations

192

192

192

F-test

24.87***

19.51***

16.70***

R-squared

0.632

0.574

0.535

Number of cid

6

6

6