Variables | Equation n˚1 | Equation n˚2 | Equation n˚3 |
LPIBt-1 | 1.021224 (0.000) * | 0.9479 (0.000) * | 0.9341301 (0.000) * |
Corr | −0.1290262 (0.036)** | −0.1894338 (0.003)* | −0.623943 (0.134) |
Demo | − | −0.0484829 (0.01)* | 0.6326532 (0.682) |
Demo*corr. Interaction | − | − | 0.0769878 (0.289) |
FDI | −0.0007094 (0.659) | −0.0006181 (0.690) | −0.0007285 (0.0015868) |
LDP | −0.2260388 (0.000)* | −0.0793639 (0.268) | −0.574149 (0.451) |
LFBCF | 0.1684839 (0.000)* | 0.1221407 (0.000)* | 0.1126598 (0.002)* |
LPop | 0.0768421 (0.021)** | 0.03448 (0.303) | 0.067415 (0.875) |
Observations | 81 | 82 | 83 |
R² | 0.82 | 0.82 | 0.96 |
Fisher statistics | 77.85 (0.0000)* | 63.85 (0.0000)* | 305.42 (0.000)* |
Stat Wald | 6.25e+06 (0.000) | 77.85 (0.000) | 5.97e+06 (0.000) |
Sargan test | 97.399 (0.0421)** | 95.435 (0.0402)** | 90.12 (0.0847)*** |