OECD

NAFTA

ASEAN

EU

NIC

G20

G8

Intercept

1.092*

−1.644***

−0.982

−1.040

−1.431**

0.732

1.846***

$CAPITA{L}_{j,t}$

−1.218**

−0.454

−0.454

−1.626***

−0.523

0.767

−0.122

$LOA{N}_{j,t}$

0.374

0.707

1.329*

−0.066

−0.014

0.404

0.107

$NP{L}_{j,t}$

0.015

0.023

0.069

1.022

1.673***

−0.431

1.274*

$P{L}_{j,t}$

−0.902

1.390***

−1.803*

0.081*

0.135*

0.051

0.075

$F{A}_{j,t}$

0.897

1.361***

1.828*

0.068

0.052

0.079

0.047

$RO{E}_{j,t}$

−0.017

−0.035

−0.091**

−1.167***

−1.526**

0.917

−1.261***

$III{E}_{j,t}$

0.066

0.012

0.027

−1.627***

−0.546

−1.785***

−1.891***

$NIINI{E}_{j,t}$

−1.369**

−1.239*

0.073

−0.454**

−0.368**

−0.529***

−0.116

$RGD{P}_{j,t}$

1.659**

1.7691***

−1.393

1.852***

−0.096

0.867

1.982*

$STOC{K}_{j,t}$

0.035

0.053

0.057

0.955

1.493**

0.711

0.133

$CP{I}_{j,t}$

−0.044

0.083

0.092

−0.154

−0.790

0.915

−0.731

χ²

22.795**

71.284***

18.596*

39.829***

26.448***

33.321***

60.865***

Cox and Snell R²

0.094

0.265

0.078

0.249

0.173

0.213

0.355

Nagelkerke R²

0.129

0.362

0.115

0.403

0.231

0.292

0.476

Sample

1217

289

385

1217

799

857

742