| GDP GROWTH | Coefficient | Standard Error | t-statistic | P-value (P < 0.05) |
| C | 3408.878 | 307.716 | 11.08 | 0.000* |
| INFLATION | −11.009 | 4.030 | −2.73 | 0.006* |
| FDI | 34.643 | 31.809 | 1.09 | 0.276 |
| OPEN | 17.203 | 3.090 | −5.57 | 0.000* |
| INVESTMENT | 42.683 | 9.019 | −4.73 | 0.000* |
| R-squared | 0.3881 | |||
| Prob > chi2 | 0.0000 | |||
| Number of observations | 80 | |||
| Number of groups | 4 | |||