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