Variables

(1)

(2)

(3)

lnMON

0.047** (0.023)

0.085*** (0.000)

RIR

0.0002 (0.798)

0.0003 (0.431)

lnDCP

0.157*** (0.000)

0.106*** (0.000)

0.059*** (0.000)

lnOER

0.170*** (0.000)

0.333*** (0.000)

0.292*** (0.000)

lnGFCF

0.037*** (0.009)

0.157*** (0.000)

0.148*** (0.000)

R-squared

0.959

0.994

0.995

Observations

212

92

92