Used 413 observations Included 15 cross-sectional units Time-series length: minimum 24, maximum 28 Robust (HAC) standard errors | ||||||
| Coefficient | Std. Error | z | p-value |
| |
Constant | 15.3187 | 1.82462 | 8.396 | <0.0001 | *** | |
Real GDP j | −0.00196252 | 0.00113743 | −1.725 | 0.0845 | * | |
Population growth j | 0.0686094 | 0.0366369 | 1.873 | 0.0611 | * | |
Real GDP K | −0.0695861 | 0.00621127 | −11.20 | <0.0001 | *** | |
Population growth K | −1.97931 | 0.199347 | −9.929 | <0.0001 | *** | |
Trade openness | 0.00591481 | 0.00266609 | 2.219 | 0.0265 | ** | |
FDI | −0.0159668 | 0.0106855 | −1.494 | 0.1351 |
| |
Exchange rate | 2.94844e−05 | 2.90244e−06 | 10.16 | <0.0001 | *** | |
Oil rent | 0.0108560 | 0.00711595 | 1.526 | 0.1271 |
| |
Distance Kj | −0.000208987 | 0.000181685 | −1.150 | 0.2500 |
| |