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 | 13.5944 | 0.591162 | 23.00 | <0.0001 | *** |
Real GDP j | 0.00504797 | 0.00183913 | 2.745 | 0.0158 | ** |
Population growth j | 0.0480551 | 0.0298844 | 1.608 | 0.1301 |
|
Real GDP K | 0.0250596 | 0.0746745 | 0.3356 | 0.7422 |
|
Population Growth K | −3.10235 | 0.656759 | −4.724 | 0.0003 | *** |
Trade openness | 0.00515041 | 0.00472338 | 1.090 | 0.2939 |
|
FDI | −0.00209812 | 0.0175826 | −0.1193 | 0.9067 |
|
Exchange rate | −2.37110e−05 | 1.50092e−05 | −1.580 | 0.1365 |
|
Oil rent | 0.00721362 | 0.0158013 | 0.4565 | 0.6550 |
|