Equation (1) End. Var

LGDPH (−1)

LINFRA

INST^LINFRA

LPUBSPEND

LGFCF

LOPEN

LINFL

LDEVF

LAGR

INST

Const

GDPH

NA

0.05***

−0.08***

0.08**

−0.03***

0.24***

0.3***

0.03***

0.63***

−0.58***

−5.91***

(3.61)

(−7.27)

(2.06)

(−18.88)

(8.04)

(6.15)

(12.63)

(10.85)

(−6.1)

(−14.8)

R-squared = 85.18

RMSE = 0.075

Chi² = 22.88

Obs = 37

Parameters = 9

P_Chi² = 0.000