Variable	GMM Estimates
Constant	−24.326
Constant	(−5.57)^***
GDPPC (L1)	0.3580
GDPPC (L1)	(2.40)^**
FDI	0.5826
FDI	(4.74)^***
OPNS	−0.00342
OPNS	(−3.41)^***
GCF	0.003824
GCF	(1.71)^*
POP	1.8465
POP	(6.66)^***
D₁	0.07221
D₁	(2.26)^**
Diagnosis Tests Sargan Test of Over identifying Restrictions	Prob > Chi 2 = 0.1304
Arellano-Bond Test of 1^st Order Autocorrelation	Prob > Chi 2 = 0.0546
Arellano-Bond Test of 2^nd Order Autocorrelation	Prob > Chi 2 = 0.3178