| Nigeria | Algeria | Namibia | Kenya | Mauritius |
lnGDP | lnGDP | lnGDP | lnGDP | lnGDP | |
L.lnGDP | −0.122*** | −0.045 | 0.969** | −0.008 | −0.058** |
| (0.012) | (0.044) | (0.182) | (0.028) | (0.011) |
LR:Savings/GDP | −0.038*** | −0.093 | 0.000 | −3.554 | −0.238** |
| (0.004) | (0.091) | (0.003) | (12.311) | (0.045) |
LR:PSC/GDP | 0.005 | −0.530 | 0.062*** | 0.682 | 0.030** |
| (0.010) | (0.594) | (0.004) | (2.115) | (0.005) |
LR:INFLATION | −0.018** | −0.084 | 0.098*** | −0.492 | 0.428** |
| (0.005) | (0.105) | (0.009) | (1.663) | (0.086) |
LR:EXCH | −0.003*** | 0.131 | 0.027*** | −0.414 | 0.054** |
| (0.000) | (0.145) | (0.005) | (1.478) | (0.010) |
LR:STMCAP/GDP | −0.010 | −9.961 | −0.004* | 0.937 | −0.056** |
| (0.006) | (9.905) | (0.002) | (3.176) | (0.011) |
LR:M2/GDP | 0.009 | 0.011 | 0.008*** | 0.235 | −0.048** |
| (0.005) | (0.013) | (0.001) | (1.145) | (0.011) |
SR:LD.lnGDP | −0.099 | −1.033*** | −1.292** | −0.029 | 1.240*** |
| (0.060) | (0.143) | (0.316) | (0.094) | (0.084) |
SR:D.Savings/GDP | 0.003*** | −0.000 | −0.006* | 0.008** | 0.019*** |
| (0.000) | (0.001) | (0.002) | (0.003) | (0.001) |
SR:LD.Savings/GDP |
| 0.002* | −0.014** | 0.006** |
|
|
| (0.001) | (0.003) | (0.002) |
|
SR:D.PSC/GDP | 0.003** | 0.011*** | 0.028** | −0.009* | −0.001** |
| (0.001) | (0.002) | (0.007) | (0.003) | (0.000) |
SR:LD.PSC/GDP |
| 0.011** | −0.011 | −0.011** | −0.003*** |
|
| (0.002) | (0.005) | (0.003) | (0.000) |
SR:D.INFLATION | 0.001 | 0.000 | 0.040** |
| −0.018*** |
| (0.001) | (0.001) | (0.009) |
| (0.001) |
SR:LD.INFLATION | 0.004*** |
| −0.009 |
| −0.003*** |
| (0.000) |
| (0.004) |
| (0.000) |
SR:D.EXCH | −0.001*** | −0.004** | −0.006 | 0.003* | −0.011*** |
| (0.000) | (0.001) | (0.005) | (0.001) | (0.001) |
SR:LD.EXCH | −0.000** | −0.003** |
| 0.006*** | −0.001** |
| (0.000) | (0.001) |
| (0.001) | (0.000) |
SR:D.STMCAP/GDP | 0.003*** | 0.432*** | −0.003 | −0.006*** | 0.002*** |
| (0.000) | (0.060) | (0.002) | (0.001) | (0.000) |
SR:LD.STMCAP/GDP | −0.000 | 0.276** | −0.001 | −0.001 | 0.001*** |