Used 413 observations Included 15 cross-sectional units

Time-series length: minimum 24, maximum 28 Robust (HAC) standard errors

Coefficient

Std. Error

t-ratio

p-value

Constant

14.5919

0.269782

54.09

<0.0001

***

Real GDP j

0.00369738

0.00136855

2.702

0.0172

**

Population growth j

0.0377885

0.0280697

1.346

0.1996

Real GDP K

−0.361096

0.0564786

−6.394

<0.0001

***

Population growth K

−0.0332702

0.703068

−0.04732

0.9629

Trade openness

−5.97223e−05

0.00162924

−0.03666

0.9713

FDI

−0.0197591

0.0109307

−1.808

0.0922

*

Exchange rate

4.06240e−06

4.64129e−06

0.8753

0.3962

Oil rent

−0.00524016

0.00633397

−0.8273

0.4219