Variables | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
GDPpc | 0.1290*** (0.0307) | - | - | - | - | - | - | 0.0843** (0.0389) | 0.0611 (0.0422) |
QE | - | 4.3396*** (0.7994) | - | - | - | - | - | 1.6921 (1.0694) | 1.0068 (1.0750) |
Debt | - | - | 0.0206 (0.0160) | - | - | - | - | 0.0241** (0.0121) | 0.0199* (0.0114) |
Curacbal | - | - | - | 0.1211** (0.0535) | - | - | - | 0.0212 (0.0493) | 0.0316 (0.0500) |
Trade | - | - | - | - | 0.0196** (0.0075) | - | - | −0.0003 (0.0089) | −0.0019 (0.0092) |
Totrev | - | - | - | - | - | 0.0930*** (0.0224) | - | 0.0652*** (0.0194) | 0.0493*** (0.0172) |
Unem | - | - | - | - | - | - | −0.0746 (0.0592) | −0.0465 (0.0444) | −0.0394 (0.0436) |
Popageing | - | - | - | - | - | - | - | - | 0.1345** (0.0622) |
Polid | - | - | - | - | - | - | - | - | −0.0940 (0.2639) |
Polstab | - | - | - | - | - | - | - | - | 0.0160 (0.0156) |
C | 3.4817*** (0.3837) | 3.9077*** (0.3442) | 4.2296*** (0.8700) | 5.5294*** (0.3946) | 3.5380*** (0.7874) | 2.5214*** (0.6682) | 5.9050*** (0.6273) | 0.7087 (0.9989) | 0.2505 (0.9341) |
R2 | 0.2621 | 0.1759 | 0.0195 | 0.0538 | 0.0516 | 0.1204 | 0.0088 | 0.3362 | 0.3497 |
B.P.G.Test | 36.2281 [0.0000] | 3.5001 [0.0614] | 1.7141 [0.1905] | 9.4701 [0.0021] | 0.0361 [0.8493] | 2.7192 [0.0991] | 0.8072 [0.3703] | 48.1174 [0.0000] | 45.7535 (0.000) |