Model (1) | Model (2) | Model (3) | ||||
cpr | −0.287*** | pr | −0.008 | cpr | −0.260*** | |
(−6.74) | (−1.49) | (−5.48) | ||||
cfs | 0.305*** | fs | 0.004 | cfs | 0.272*** | |
(7.31) | −0.28 | (4.14) | ||||
cfn | −0.634 | fn | 0.003 | cmf | 0.125** | |
(−1.62) | (0,41) | (2.88) | ||||
cmf | 0.118* | mf | −0.063*** | civ | −0.067* | |
(2.43) | (−4.72) | (−2.63) | ||||
ctr | −0.02 | tr | 0.031*** | cbf | −0.066** | |
(−0.93) | (4.44) | (−3.17) | ||||
civ | −0.077*** | iv | 0.002 | tr | 0.009 | |
(−3.98) | (0.21) | (0.55) | ||||
cbf | −0.076*** | bf | −0.005 | cfc | −0.067*** | |
(−4.44) | (−0.30) | (−3.69) | ||||
| cfc | −0.121*** | mf | −0.010 | ||
(−7.86) | (−0.40) | |||||
cd | −24.647*** | cd | . | |||
(−8.11) | . | |||||
lb | −0.006 | _cons | −20.506 | |||
(−0.66) | (−1.54) | |||||
Control Variable | ||||||
lgdp | 0.352 | 2.523*** | 0.422 | |||
(−0.71) | (11.24) | (0.91) | ||||
nr | 0.019 | 0.039 | 0.036 | |||
(−0.61) | (1.87) | (1.37) | ||||
tn | 0.316* | 0.570* | 0.331 | |||
(−2.5) | (2.24) | (1.38) | ||||
R2 Value | 0.5428 | 0.3934 | 0.5664 | |||
F Value | 1053.89 | 484.21 | 31.63 | |||