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 | 16.3067 | 1.50349 | 10.85 | <0.0001 | *** |
Real GDP j4 | −0.00628643 | 0.00302908 | −2.075 | 0.0569 | * |
Population growth j | 0.0506011 | 0.0418593 | 1.209 | 0.2467 |
|
Real GDP K5 | −0.0753248 | 0.00628295 | −11.99 | <0.0001 | *** |
Population growth K | −2.16776 | 0.199512 | −10.87 | <0.0001 | *** |
Distance Kj | −0.000232028 | 0.000138719 | −1.673 | 0.1166 |
|
Trade openness | −0.00370409 | 0.00521337 | −0.7105 | 0.4891 |
|
FDI | −0.0372001 | 0.0289698 | −1.284 | 0.2200 |
|
Exchange rate | 6.30177e−05 | 2.94603e−05 | 2.139 | 0.0505 | * |
Oil rent | 0.0247264 | 0.0111940 | 2.209 | 0.0444 | ** |