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 | 12.2008 | 0.425261 | 28.69 | <0.0001 | *** |
Real GDP j | −0.00149631 | 0.00254191 | −0.5887 | 0.5655 |
|
Population growth j | 0.0712812 | 0.0287953 | 2.475 | 0.0267 | ** |
Real GDP K | −0.0318989 | 0.0150471 | −2.120 | 0.0524 | * |
Population growth K | −1.94596 | 0.310121 | −6.275 | <0.0001 | *** |
Trade openness | 0.0133320 | 0.00668396 | 1.995 | 0.0659 | * |
FDI | −0.00797392 | 0.0206714 | −0.3857 | 0.7055 |
|
Exchange rate | 1.23134e−05 | 5.72137e−06 | 2.152 | 0.0493 | ** |
Oil rent | 0.0273165 | 0.0188463 | 1.449 | 0.1692 |
|