tnr_rq

−0.00933*

(0.00461)

L.tnr_rq

0.00678

(0.00535)

Rl

0.341***

(0.0796)

L.rl

−0.189

(0.165)

tnr_rl

−0.00686*

(0.00315)

L.tnr_rl

0.00513

(0.00480)

Ccorr

0.135

(0.173)

L.ccorr

−0.194

(0.166)

tnr_ccorr

−0.000941

(0.00644)

L.tnr_ccorr

0.00414

(0.00595)

Ldebt

0.197***

0.213**

0.220***

0.200***

0.211***

0.191**

(0.0459)

(0.0648)

(0.0428)

(0.0446)

(0.0452)

(0.0614)

L.ldebt

−0.230***

−0.228**

−0.257***

−0.223***

−0.229***

−0.210***

(0.0558)

(0.0597)

(0.0518)

(0.0488)

(0.0481)

(0.0491)

Fdi

−0.00211

−0.00204

−0.00216

−0.00178

−0.00191

−0.00156

(0.00159)

(0.00146)

(0.00143)

(0.00138)

(0.00140)

(0.00133)

L.fdi

−0.000635

0.00104

−0.000754

−0.000361

−0.000116

−0.000119

(0.00181)

(0.00356)

(0.00250)

(0.00260)

(0.00306)

(0.00214)

ttrad2

−0.000

0.000

−0.000

−0.000

−0.000

−0.000

(0.0000)

(0.0000)

(0.0000)

(0.0000)

(0.0000)

(0.0000)

L.ttrad2

0.000

−0.000

0.000

0.000

0.000

0.000

(0.0000)

(0.0000)

(0.0000)

(0.0000)

(0.0000)

(0.0000)

Lgdppc

0.366*

0.329*

0.330*

0.245*

0.229

0.339

(0.146)

(0.159)

(0.136)

(0.102)

(0.209)

(0.197)

L.lgdppc

−0.362**

−0.304

−0.353**

−0.263**

−0.241

−0.322

(0.141)

(0.181)

(0.133)

(0.0989)

(0.202)

(0.190)