(1)

D.lnGDP

Savings/GDP

−0.099

(0.111)

PSC/GDP

−0.049s

(0.056)

INFLATION

0.303

(0.337)

EXCH

0.228

(0.213)

STMCAP/GDP

0.002

(0.004)

M2GDP

0.077

(0.071)

SR:__ec

0.006**

(0.003)

SR:D.Savings/GDP

0.002**

(0.001)

SR:D.PSC/GDP

0.000

(0.001)