Dependent variable | |||
Explicative variables | Y1 | Y2 | Y3 |
CONSTANT | −1.9312*** | −1.8189*** | −1.6404*** |
(0.2118) | (0.1980) | (0.2211) | |
TEND | 0.4301*** | 0.3783*** | 0.3685*** |
(0.0473) | (0.0423) | (0.0475) | |
Δln(L) [−1] | 0.3437*** | 0.4068*** | 0.3504*** |
(0.1224) | (0.1036) | (0.1157) | |
Δln(PC) | 0.0097** | ||
(0.0049) | |||
Δln(PC) [−2] | 0.0603*** | 0.0374*** | 0.0497*** |
(0.0112) | (0.0097) | (0.0108) | |
Δln(HC) [−1] | 0.3824** | 0.4325*** | 0.3249** |
(0.1534) | (0.1298) | (0.1472) | |
Δln(HC*AER) | 0.7000*** | 0.4995*** | 0.5111** |
(0.1986) | (0.1755) | (0.2010) | |
INFRA_WATER [−1] | −0.0237* | −0.0191 | −0.0223* |
(0.0145) | (0.0123) | (0.0137) | |
INFRA_WATER [−2] | 0.0236* | ||
(0.0139) | |||
INFRA_DRA [−1] | −0.7568*** | −0.8928*** | |
(0.2730) | (0.3046) | ||
INFRA_DRA [−2] | 0.2525* | 0.5499*** | 0.6909*** |
(0.1601) | (0.1921) | (0.2144) | |
INFRA_ROADS | 0.3006** | 0.2798** | 0.2663* |
(0.1464) | (0.1237) | (0.1381) | |
Adjusted R2 | 0.53 | 0.59 | 0.56 |
Observations | 213 (T = 3; N = 71) |