| Overall |
| Central Africa |
| East Africa |
|
Variables | Coefficient | Std. Error | Coefficient | Std. Error | Coefficient | Std. Error |
Long-run coefficients | ||||||
lnInfrastQual | 0.884*** | (0.19) | 0.454 | (0.33) | 0.934*** | (0.20) |
lnNRE | −0.591 | (0.54) | −2.097*** | (0.76) | −0.428 | (0.57) |
lnMktSize | 2.321*** | (0.41) | −1.227 | (0.76) | 2.850*** | (0.45) |
lnTradeOpen | 1.273* | (0.72) | 2.585** | (1.21) | 1.25 | (0.76) |
Error-correction Coeff. | −0.715*** | (0.13) | −0.708* | (0.40) | −0.974*** | (0.07) |
Short-run coefficients | ||||||
∆lnInfrastQual | −0.767** | (0.34) | −1.414*** | (0.37) | −0.277 | (0.34) |
∆lnNRE | −1.034 | (2.15) | −1.829 | (4.46) | 0.515 | (0.89) |
∆lnMktSize | 0.0291 | (1.16) | 1.957 | (1.40) | −0.0784 | (1.90) |
∆lnTradeOpen | 3.645 | (4.23) | 6.076 | (8.78) | 0.681 | (1.82) |
Intercept | 39.38 | (50.19) | −26.09 | (61.13) | 84.74 | (59.39) |
Country | 6 |
| 3 |
| 3 |
|
Observation | 168 |
| 84 |
| 84 |
|