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