(1)

(2)

(3)

(4)

(5)

(6)

gf

0.183***

0.142***

0.140***

0.181***

0.166***

0.125***

(0.0309)

(0.0262)

(0.0262)

(0.0307)

(0.0297)

(0.0267)

pgdp

−0.828***

−0.830***

−0.916***

(0.0602)

(0.0602)

(0.0686)

iiem

1.748

1.842

(1.306)

(1.299)

gov

−2.492**

(1.114)

urir

6.671***

(1.017)

pce

0.241**

(0.0935)

_cons

4.038***

5.388***

5.387***

4.129***

2.241***

5.398***

(0.0964)

(0.127)

(0.127)

(0.104)

(0.289)

(0.127)

N

465

465

465

465

465

465

R2

0.071

0.341

0.343

0.081

0.150

0.352