| GDP GROWTH | Coefficient | Standard Error | t-statistic | P-value (P < 0.05) |
| C | 3733.426 | 580.067 | 6.44 | 0.000* |
| INFLATION | −6.271 | 42.370 | −0.99 | 0.327 |
| FDI | 23.164 | 46.255 | 0.55 | 0.586 |
| OPEN | −23.110 | 5.643 | −4.10 | 0.000* |
| INVESTMENT | 44.113 | 10.600 | −4.16 | 0.000* |
| R-squared | 0.4031 | |||
| Prob > F | 0.0000 | |||
| Number of observations | 80 | |||
| Number of groups | 4 | |||