Variable | (1) lnPGDP | (2) URB | (3) lnPGDP |
URB |
|
| 1.2731*** |
|
|
| (6.2189) |
lDFI | 0.1401*** | 0.0119*** | 0.1249*** |
| (15.1690) | (4.1029) | (14.1516) |
INS | 0.4047*** | 0.0328 | 0.3630*** |
| (4.2476) | (1.0948) | (4.1344) |
INL | 0.0168*** | 0.0046*** | 0.0109*** |
| (7.3403) | (6.3809) | (4.7579) |
RDI | 0.0403*** | 0.0005 | 0.0410*** |
| (3.5681) | (0.1421) | (3.9452) |
DFT | 0.3492*** | 0.1025*** | 0.2187*** |
| (4.6003) | (4.2983) | (3.0025) |
RND | 0.6298*** | 0.0990*** | 0.5038*** |
| (6.6338) | (3.3179) | (5.6260) |
Constant | 8.1399*** | 0.0999** | 8.2210*** |
| (63.9912) | (2.0366) | (67.3122) |
|
|
|
|
Observations | 300 | 300 | 300 |
R-squared | 0.8814 | 0.6045 | 0.9004 |