Total Factor Productivity (TFP)

Regression (i)

Regression (ii)

Regression (iii)

RegQual_it

−0.328***

(0.113)

−0.270**

(0.105)

−0.242**

(0.103)

RuLaw_it

0.219*

(0.116)

0.395***

(0.117)

0.300**

(0.121)

HDI_it

72.089**

(31.130)

110.222***

(30.472)

98.066***

(29.965)

Oil_it

−0.001

(0.003)

0.029***

(0.009)

0.023**

(0.009)

Trade_it

−0.0003

(0.002)

0.002

(0.002)

0.0009

(0.002)

FDI_it

−0.016**

(0.006)

−0.011*

(0.006)

−0.068***

(0.025)

HDI*HDI_it

−45.599**

(19.859)

−69.639***

(19.412)

−61.565***

(19.115)

Oil*Trade_it

−0.0003***

(0.0001)

−0.0002***

(0.000)

Trade*FDI_it

0.0004**

(0.000)

Constant

−27.120**

(12.009)

−42.705***

(11.840)

−37.938***

(11.646)

R-Squared

0.159

0.369

0.312