Regressors | Dependent Variable: GDP Growth | ||
(1) | (2) | (3) | |
Foreign Direct Investment (% of GDP) | 0.565* | 2.645 | 3.759 |
| (0.278) | (2.140) | (2.382) |
Government Expenditure (% of GDP) | −0.609 | −1.131* | −1.116* |
| (0.328) | (0.596) | (0.598) |
Trade (% of GDP) | 0.046 | 0.094 *** | 0.177** |
| (0.024) | (0.031) | (0.076) |
Population Growth Rate (%) | 3.175 | −3.399 | −4.819 |
| (3.982) | (4.664) | (5.119) |
BANKDEV1*FDI |
| −5.684 | −8.600* |
|
| (3.780) | (4.603) |
BANKDEV1 | −0.292 | 6.864 | 9.785 |
| (0.949) | (6.865 ) | (7.484) |
Financial Reform |
|
| −0.512 |
|
|
| (0.4112) |
R-Squared | 0.686 | 0.857 | 0.836 |
Adjusted R-Squared | 0.500 | 0.686 | 0.638 |
Number of Observations | 36 | 34 | 34 |