Dependent variable

Annual growth rate in GDP per capita

Sample

10 countries (1990-2012)

OLS

Regression

(1)

(2)

LGGDP

−3.762**

−4.448**

(1.667)

(1.802)

INV

0.127*

0.132**

(0.065)

(0.066)

LABOUR

−0.932

−0.912

(0.631)

(0.626)

M2GDPt−1

0.016

0.010

(0.034)

(0.033)

INFLATION

−2.842***

−2.784***

(0.505)

(0.506)

GOVCONS

−0.304***

−0.303***

(0.108)

(0.107)

TRADE

0.033

0.036*

(0.020)

(0.020)

AID

-

−0.030

-

(0.039)

F-value

10.82

8.93

Prob > F

0.0000

0.0000

Root MSE

4.3214

4.3237

R-squared

0.2465

0.2496