SARAR Panel Data (FE)

Model 1

Model 2

Direct

Indirect

Total

Direct

Indirect

Total

Physical Capital

0.04664***

(0.008)

0.0056**

(0.030)

0.0522***

(0.009)

0.0503***

(0.006)

0.0060**

(0.043)

0.0563***

(0.007)

Human Capital

1.7239***

(0.000)

0.2076***

(0.000)

1.9316***

(0.000)

1.7087***

(0.000)

0.2046***

(0.002)

1.9133***

(0.000)

Unemployment

−0.1293**

(0.026)

−0.0155*

(0.061)

−0.1449**

(0.027)

−0.1238**

(0.039)

−0.0148*

(0.085)

−0.1386**

(0.040)

Public Investment

0.0285

(0.411)

0.0034

(0.431)

0.0319

(0.411)

0.0300

(0.291)

0.0036

(0.349)

0.0337

(0.295)

Corruption 1

−0.0409

(0.549)

−0.0049

(0.563)

−0.0459

(0.549)

Corruption 2

−0.0165

(0.456)

−0.0019

(0.470)

−0.0185

(0.456)