|
| (1) OLS | (2) FE | (3) RE | (4) Mixed Berthon Model |
| DIGE | 0.0000776*** (12.03) | 0.0000776*** (7.77) | 0.0000776*** (7.77) | 0.0001679*** (9.64) |
| RGDP | −0.0002648*** (−8.15) | −0.0002648*** (−8.08) | −0.0002648*** (−8.08) | −0.0005025*** (−8.11) |
| HUMA | 0.0000885*** (4.99) | 0.0000885*** (5.94) | 0.0000885*** (5.94) | 0.000163*** (5.80) |
| GOVR | −15.31066*** (−3.31) | −15.31066*** (−2.72) | −15.31066*** (−2.72) | −35.06651*** (−4.46) |
| FDL | −2.410516*** (−6.51) | −2.410516*** (−4.38) | −2.410516*** (−4.38) | −4.700581*** (−6.60) |
| INFRA | 1.766365*** (8.77) | 1.766365*** (7.26) | 1.766365*** (7.26) | 3.671718*** (8.33) |
| INVEST | 0.0048572*** (8.18) | 0.0048572*** (6.60) | 0.0048572*** (6.60) | 0.0095678*** (7.92) |
| _cons | −1.562622* (−1.78) | −1.562622 (−1.55) | −1.562622 (−1.55) | −4.124301*** (−3.03) |
| R2 | 0.2567 | 0.4960 | 0.2567 |
|
| F-stat | 29.63*** | 29.39*** | 205.70*** |
|
| Wald chi2 |
|
|
| 101.80 |
| Loglike |
|
|
| −196.31708 |
| Obs | 243 | 243 | 243 | 243 |