| (1) | (2) | (3) | (4) | (5) |
W1 | W2 | W3 | W4 | W5 | |
Wgf | 0.0615*** | 0.0623*** | 0.0615*** | 0.0613*** | 0.0599*** |
(0.0204) | (0.0205) | (0.0204) | (0.0205) | (0.0202) | |
Wpgdp | −0.00314 | 0.0320 | 0.0119 | 0.0139 | −0.00310 |
(0.114) | (0.115) | (0.116) | (0.116) | (0.119) | |
Wiiem | 1.609*** | 1.571*** | 1.576*** | 1.579*** | 1.517*** |
(0.107) | (0.0992) | (0.100) | (0.100) | (0.0995) | |
Wgov | −0.0775 | −0.204* | −0.172 | −0.164 | −0.193* |
(0.124) | (0.110) | (0.110) | (0.113) | (0.116) | |
Wurir | 0.464 | 0.902 | 0.858 | 0.909 | 1.151 |
(1.243) | (1.266) | (1.287) | (1.292) | (1.296) | |
Wpce | 0.149 | 0.114 | 0.124 | 0.126 | 0.137 |
(0.198) | (0.200) | (0.198) | (0.199) | (0.198) | |
_cons | 4.811*** | 4.051*** | 4.247*** | 4.309*** | 3.588*** |
(0.660) | (0.657) | (0.640) | (0.619) | (0.681) | |
rho | −0.158 | 0.00749*** | −0.0107 | −0.0329 | 0.153*** |
(0.0981) | (0.00291) | (0.0125) | (0.0260) | (0.0384) | |
lgt_theta | −2.448*** | −2.586*** | −2.511*** | −2.497*** | −2.541*** |
(0.211) | (0.225) | (0.218) | (0.212) | (0.211) | |
sigma2_e | 0.212*** | 0.210*** | 0.215*** | 0.215*** | 0.207*** |
(0.0603) | (0.0580) | (0.0581) | (0.0581) | (0.0572) | |
N | 465 | 465 | 465 | 465 | 465 |
R2 | 0.062 | 0.057 | 0.039 | 0.039 | 0.009 |