Dep: GDP per capita growth | (7) Control of corruption (Concor) | (8) Government effectiveness (Goveff) | (9) Political stability (Politic) | (10) Regulatory quality (Requa) | (11) Rule of Law (Rulelaw) | (12) Voice & Accountability (Voice) |
L1. GDPpcg | 0.2076*** [0.0535] | 0.2062*** [0.0531] | 0.1993*** [0.0529] | 0.2061*** [0.0523] | 0.2016*** [0.0538] | 0.1993*** [0.0519] |
Loggdppc | −0.8832*** [0.1187] | −0.8798*** [0.1081] | −0.8106*** [0.0969] | −0.9040*** [0.1201] | −0.8734*** [0.1050] | −0.8746*** [0.0912] |
Capg | 0.2482*** [0.0094] | 0.2486*** [0.0096] | 0.2467*** [0.0094] | 0.2488*** [0.0095] | 0.2498*** [0.0096] | 0.2456*** [0.0098] |
Tech | 0.3239*** [0.0598] | 0.3166*** [0.0491] | 0.3128*** [0.0595] | 0.3351*** [0.0605] | 0.3266*** [0.0515] | 0.3449*** [0.0441] |
Humcap | 0.7790*** [0.1767] | 0.8082*** [0.1794] | 0.7446*** [0.1886] | 0.8310*** [0.1776] | 0.7914*** [0.1722] | 0.7379*** [0.1970] |
FDI | 0.0683* [0.0386] | 0.0672* [0.0393] | 0.0796* [0.0391] | 0.0784* [0.0403] | 0.0720* [0.0390] | 0.0823** [0.0400] |
Trade | 0.7365*** [0.0949] | 0.6933*** [0.1030] | 0.6372*** [0.1275 | 0.6829*** [0.1047] | 0.6879*** [0.1092] | 0.7012*** [0.1118] |
Inst | 0.3291** [0.1481] | 0.3153** [0.1399] | 0.0896 [0.1278] | 0.2092 [0.1440] | 0.2978** [0.1342] | 0.2171** [0.0997] |
N | 232 | 232 | 232 | 232 | 232 | 232 |
No. of Group | 29 | 29 | 29 | 29 | 29 | 29 |
No. of IVs | 26 | 26 | 26 | 26 | 26 | 26 |
AR(2) test | 0.797 | 0.803 | 0.829 | 0.813 | 0.792 | 0.838 |
Sargan test | 0.147 | 0.153 | 0.135 | 0.147 | 0.147 | 0.130 |
Hansen test | 0.621 | 0.638 | 0.632 | 0.616 | 0.648 | 0.665 |