Dependent variable

Explicative variables

Y1

Y2

Y3

CONSTANT

−1.6797^***

−1.5089^***

−1.4434^***

(0.2768)

(0.2742)

(0.2776)

TEND

0.4138^***

0.3640^***

0.3076^***

(0.0788)

(0.0655)

(0.0699)

Δln(L)

−0.5604^***

(0.1507)

Δln(L) [−1]

0.4067^***

(0.1241)

Δln(PC)

0.0369^***

0.0286^***

0.0412^***

(0.0092)

(0.0071)

(0.0091)

Δln(PC) [−2]

0.0574^***

0.0418^***

0.0568^***

(0.0113)

(0.0082)

(0.0112)

Δln(HC) [−1]

0.5276^*

0.5588^**

0.7355^**

(0.2872)

(0.2220)

(0.2905)

Δln(HC) [−2]

−0.7146^**

−0.5987^***

(0.2747)

(0.2131)

Δln(CH^*AER)

0.5823^*

(0.3126)

INFRA_WATER [−1]

−0.0389^*

−0.0496^*

(0.0207)

(0.0273)

INFRA_WATER [−2]

0.0842^***

0.0655^***

0.0488^*

(0.0286)

(0.0216)

(0.0274)

INFRA_DRA [−2]

0.3237^*

0.3537^*

(0.1869)

(0.1847)

INFRA_ELEC

0.7271^**

0.4642^*

0.6531^*

(0.3309)

(0.2534)

(0.3301)

INFRA_ROADS

0.5408^***

0.2668^*

0.4731^***

(0.1818)

(0.1358)

(0.1799)

Adjusted R²

0.68

0.77

0.67

Observations

108 (T = 3; N = 36)