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