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 | 19.5470 | 2.75656 | 7.091 | <0.0001 | *** | |
Real GDP j | −0.00192226 | 0.00277682 | −0.6923 | 0.4888 |
| |
Population growth j | 0.0694970 | 0.0278950 | 2.491 | 0.0127 | ** | |
Real GDP K | −0.0332141 | 0.0148196 | −2.241 | 0.0250 | ** | |
Population growth K | −1.95715 | 0.307876 | −6.357 | <0.0001 | *** | |
Trade openness | 0.0124891 | 0.00600154 | 2.081 | 0.0374 | ** | |
FDI | −0.0116210 | 0.0204477 | −0.5683 | 0.5698 |
| |
Exchange rate | 1.42236e−05 | 5.54426e−06 | 2.565 | 0.0103 | ** | |
Oil rent | 0.0313804 | 0.0186560 | 1.682 | 0.0926 | * | |
Distance Kj | −0.000863486 | 0.000309992 | −2.786 | 0.0053 | *** | |