| Variables | Details | |||
| Coef | t-value | P-value | VIF | |
| Constant | −7.16 | −1.08 | 0.323 |
|
| fin | 0.920 | 2.98 | 0.025 | 3.24 |
| to | 0.758 | 1.35 | 0.226 | 84.94 |
| hc | −0.150 | −0.26 | 0.802 | 88.44 |
| gdp | 0.044 | 0.18 | 0.865 | 4.03 |
| inf | 0.487 | 1.88 | 0.110 | 3.34 |