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 | 13.5339 | 0.287801 | 47.03 | <0.0001 | *** |
Real GDP j | −0.00178053 | 0.00111830 | −1.592 | 0.1337 |
|
Population growth j | 0.0699981 | 0.0375041 | 1.866 | 0.0831 | * |
Real GDP K | −0.0691866 | 0.00620728 | −11.15 | <0.0001 | *** |
Population growth K | −1.97542 | 0.199677 | −9.893 | <0.0001 | *** |
Trade openness | 0.00625462 | 0.00287765 | 2.174 | 0.0474 | ** |
FDI | −0.0150927 | 0.0105556 | −1.430 | 0.1747 |
|
Exchange rate | 2.79452e−05 | 3.40419e−06 | 8.209 | <0.0001 | *** |
Oil rent | 0.00962657 | 0.00732281 | 1.315 | 0.2098 |
|