Variable

Coefficient

Std. Error

t-Statistic

Prob.

Constant

−0.006

0.009

−0.632

0.535

∆Ln(FDI)

−0.011

0.007

−1.406

0.177

∆Ln(Growth)

−0.056**

0.025

−2.242

0.038

∆(RER)

−0.298*

0.162

−1.838

0.083

∆Ln(GFCF)

−0.624***

0.102

−6.096

0.000

∆

0.001

0.001

0.441

0.664

∆Ln(Labour)

1.208***

0.432

2.796

0.012

∆Ln(Trade)

−0.269**

0.100

−2.656

0.016

R-squared

0.769

Diagnostic Tests

Adjusted R-squared

0.673

Heteroskedasticity: ARCH

F-statistic

8.061

F-stat = 1.9286

Prob. = 0.1795

Prob (F-statistic)

0.000

Obs*R-sq = 1.9347

Pr. = 0.1642

Durbin-Watson stat

2.006

Breusch-Godfrey Serial

Correlation LM Test

F-stat = 0.2544

Prob. = 0.7792

Obs*R-sq = 0.9039

Pr. = 0.6364

Ramsey RESET = 1.4270 [0.2381]