| Tunisia | South Africa | Eswatini |
lnGDP | lnGDP | lnGDP | |
L.lnGDP | 0.392 | 0.609 | 1.183 |
| (0.551) | (0.397) | (0.464) |
L2.lnGDP | 0.375 | 0.420 | 0.623 |
| (0.618) | (0.378) | (0.423) |
Savings/GDP | 0.002 | −0.003 | 0.004 |
| (0.005) | (0.009) | (0.002) |
L.Savings/GDP | −0.013* | −0.012 | 0.001 |
| (0.005) | (0.016) | (0.002) |
L2.Savings/GDP |
|
| 0.007 |
|
|
| (0.004) |
PSC/GDP | −0.002 | 0.001 | −0.025 |
| (0.004) | (0.001) | (0.009) |
L.PSC/GDP | −0.004 | 0.002 | −0.017 |
| (0.005) | (0.001) | (0.006) |
L2.PSC/GDP |
| 0.003 | 0.004 |
|
| (0.004) | (0.005) |
INFLATION | 0.017 | −0.002 | −0.001 |
| (0.013) | (0.005) | (0.004) |
L.INFLATION | 0.008 | −0.005 | −0.005* |
| (0.010) | (0.002) | (0.002) |
L2.INFLATION |
| −0.000 | −0.006 |
|
| (0.003) | (0.004) |
EXCH | −0.016 | −0.016 | −0.027* |
| (0.062) | (0.008) | (0.007) |
L.EXCH | −0.049 | 0.001 | −0.013 |
| (0.072) | (0.019) | (0.017) |
L2.EXCH | −0.044 | 0.015 | −0.007 |
| (0.046) | (0.019) | (0.007) |
STMCAP/GDP | −0.001 | −0.000 | 0.003 |
| (0.004) | (0.000) | (0.001) |
L.STMCAP/GDP | 0.002 | −0.000 | 0.001 |
| (0.003) | (0.000) | (0.002) |