Dep: GDP growth | (4) | (5) | (6) |
L1. GDPg | 0.3018*** [0.0246] | 0.2717*** [0.0368] | 0.2433*** [0.0421] |
Loggdppc | −0.1288 [0.0963] | −0.1278 [0.0801] | −0.4348*** [0.1017] |
Capg | 0.2591*** [0.0102] | 0.2332*** [0.0087] | 0.2457*** [0.0099] |
Tech | 0.2679*** [0.0247] | 0.2788*** [0.0336] | 0.3040*** [0.0388] |
Humcap | 0.0578 [0.1962] | 0.0003 [0.1713] | 0.0198 [0.1618] |
Popg | 0.2801*** [0.0813] | 0.3742*** [0.0952] | 0.3590*** [0.1257] |
FDI |
| 0.0825* [0.0420] | 0.0764** [0.0343] |
Trade |
|
| 0.5397*** [0.0997] |
N | 315 | 287 | 261 |
No. of Group | 29 | 29 | 29 |
No. of IVs | 27 | 28 | 28 |
AR(2) test | 0.734 | 0.803 | 0.848 |
Sargan test | 0.369 | 0.163 | 0.494 |
Hansen test | 0.491 | 0.579 | 0.413 |