| MG | DOLS | FMOLS |
GDP | 0.762* (2.82) | 0.427* (3.157) | 0.662* (6.11) |
RP | 0.053 (0.57) | −0.065 (−0.856) | −0.118* (−2.931) |
FDI | 0.028 (0.29) | 0.118* (2.662) | 0.097* (2.568) |
REM | 0.147* (2.03) | 0.186* (3.783) | 0.105* (3.718) |
Obs. | 330 | 267 | 321 |
CD test | 2.59 [0.010] | 2.265 [0.023] | 11.771 [0.000] |