(1)

(2)

(3)

(4)

(5)

(6)

gf

0.0781

0.372***

0.386***

0.342***

0.226*

0.322***

(0.0964)

(0.120)

(0.120)

(0.117)

(0.128)

(0.0972)

pgdp

−0.439***

−0.421***

−1.677***

(0.118)

(0.121)

(0.170)

iiem

−8.173

(10.23)

gov

−11.67***

(3.286)

urir

3.082*

(1.825)

pce

5.668***

_cons

4.576***

4.617***

4.591***

4.480***

3.503***

4.596***

(0.312)

(0.326)

(0.344)

(0.328)

(0.708)

(0.342)

N

135

135

135

135

135

135

R2

0.011

0.126

0.131

0.127

0.043

0.482