Eastern Model

Western Model

GDP Growth

0.0186402*

0.0354196*

(2.45)

(2.19)

LnWAGE

0.5232329***

0.428594

(4.59)

(1.26)

LnDINV

0.4290154***

0.7016422**

(5.49)

(2.79)

LnAGGLO

0.744678***

0.4056939***

(11.89)

(4.96)

LnPatents

−0.269614***

−0.2728365***

(−8.73)

(−3.42)

(Constant)

0.0133659

−6.030654

(0.01)

(−1.92)

Observations

272

339

F statistic of the model

299.12 (0.0000)

175.88 (0.0000)

Adjusted R−square

0.8548

0.7357