| Asian 1 | Asian 2 | Africa 1 | Africa 2 | Latin America 1 | Latin America 2 | countries 1 | countries 2 |
finance | −0.013753 (−0.57) | −0.013632* (−1.88) | −0.001660 (−0.9) | −0.0012819 (−1.21) | −0.013177 (−1.1) | −0.016003 (−0.46) | −0.0007564 (−0.48) | −0.0011664* (−1.62) |
finance2 |
| 0.0058185 (1.02) |
| 7.93e-06 (0.03) |
| −0.00125* (−2.26) |
| −0.0001318 (−0.77) |
government | 0.0107078 (1.43) | 0.0141842 (1.55) | −0.0024726 (−0.62) | −0.003568 (−0.84) | 0.0098348 (0.4) | 0.0121836 (0.45) | 0.0024343 (0.31) | 0.0026844 (0.34) |
gdp | −0.003822 (−0.87) | −0.003515** (−2.10) | −0.0000678 (−0.04) | 0.0004284 (0.17) | −0.022374* (−1.92) | −0.026199 (−1.32) | −0.0000725 (−0.03) | −0.0000555 (−0.03) |
inflation | −0.012138 (−1.31) | −0.019488 (−1.59) | 0.0020623 (0.54) | 0.0023995 (0.63) | −0.005543 (−0.53) | −0.004310 (−0.47) | 0.0004185 (0.12) | 0.0003985 (0.12) |
trade | 0.0082057 (0.26) | 0.0090258* (1.81) |
|
|
|
|
|
|
source |
|
| −0.0013053 (−0.83) | −0.0015333* (−1.8) |
|
|
|
|
structure |
|
|
|
| −0.551235 (−1.55) | −0.487470* (−1.81) |
|
|
_cons | 0.4739101*** (9.06) | 0.4739101*** (9.01) | −0.1326306*** (3.5) | −0.0997986*** (15.28) | 4.240465*** (12.34) | 3.954374*** (6.68) | 0.0152895*** (4.09) | 0.0150862*** (4.09) |
Hansen | 0.98 | 0.97 | 0.763 | 0.808 | 0.999 | 0.999 | 0.76 | 0.87 |
AR (2) | 0.217 | 0.234 | 0.485 | 0.665 | 0.691 | 0.668 | 0.853 | 0.856 |