| Parameters | Regression Statistics | |||
| Coefficient | Standard Error | t-statistics | P > |t| | |
| EXPPC | 1.1482a | 0.1818351 | 6.31 | 0.000 |
| GOVEXPC | −0.4064a | 0.0736621 | −5.52 | 0.000 |
| EXPTOT | - | - | - | - |
| EXPGOV | - | - | - | - |
| EXPPRIV | - | - | - | - |
| SHAREGOV | 0.1513a | 0.0413051 | 3.66 | 0.000 |
| EXTERNAL | 0.1541a | 0.0479617 | 3.21 | 0.002 |
| OOPPRIV | −0.2814a | 0.0544922 | −5.16 | 0.000 |
| OOPTOT | 0.0315 | 0.0680186 | 0.46 | 0.644 |
| GNIPC | 0.1540a | 0.0303006 | 5.08 | 0.000 |
| SAN | 0.2040a | 0.0758837 | 2.69 | 0.008 |
| WATERRUR | −0.6979a | 0.0410829 | −16.99 | 0.000 |