| Africa | Asia | Central America and the Caribbean | Former USSR and Eastern Europe | MENA | South America | OECD |
Short run coefficients | |||||||
fi | −0.063*** (−7.57) | −0.159*** (−4.54) | −0.118*** (−8.35) | −0.185*** (−5.85) | −0.659*** (−14.41) | −0.341*** (−7.66) | −0.056*** (−4.62) |
GDP/POP | −1.479 (−1.57) | 1.729*** (3.35) | 4.086*** (3.35) | 2.865 (1.44) | 43.044*** (2.96) | −4.545 (−1.12) | −1.027 (−0.79) |
Squared GDP/POP | 0.306*** (4.21) | −0.027*** (−2.84) | −0.099 (−1.60) | −0.145 (−1.10) | −0.259 (−0.98) | 0.6115* (1.78) | 0.035 (1.02) |
Investment/pop | 0.791 (1.47) | 0.046 (0.10) | 1.844*** (3.66) | 1.847** (1.98) | 184.229*** (15.56) | −1.679 (−1.61) | 0.226 (0.75) |
FDI/pop | 4.101 (1.54) | 1.258*** (2.90) | 3.604 (1.45) | 1.265 (0.70) | −288.77 (−1.42) | 17.959*** (3.36) | 0.040 (0.22) |
Trade openness | 0.224 (0.37) | −0.209 −(0.47) | −3.726*** (−2.25) | −1.472 (−0.60) | 21.613 (0.42) | −0.192 (−0.07) | 1.894 (1.10) |