Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

19.59098

1.884675

10.39489

0.0000*

EXCHANGE_RATE

−0.004467

0.004594

−0.972328

0.3341*

LGDP

0.648045

0.121221

5.345963

0.0000*

LPOPULATION

0.208713

0.160319

1.301862

0.1970*

LDISTANCE

−3.467121

0.235744

−14.70712

0.0000*