Model 1

Model 2

Explained Var.:

the growth of GDP/worker

Explained Var.:

the growth of GDP per capita

Coef

P

Coef

P

Coef

P

Coef

P

T1

7.57***

0.000

8.21***

0.000

6.15***

0.000

7.46***

0.000

T2

7.57***

0.000

8.23***

0.000

6.10***

0.000

7.36***

0.000

T3

7.51***

0.000

8.18***

0.000

6.01***

0.000

7.32***

0.000

T4

7.46***

0.000

8.15***

0.000

5.95***

0.000

7.23***

0.000

T5

7.42***

0.000

8.12***

0.000

5.88***

0.000

7.17***

0.000

T6

7.42***

0.000

8.13***

0.000

5.92***

0.000

7.15***

0.000

T7

7.40***

0.000

8.12***

0.000

5.81***

0.000

7.07***

0.000

Ln(GDP/worker) in 1978

−0.57***

0.000

−0.64***

0.000

Ln(GDP per capita)

in 1978

-0.48***

0.000

-0.68***

0.000

Ln(education)

0.47***

0.000

0.37***

0.000

0.73***

0.000

0.55***

0.000

Ln(Investment rate)

−0.08***

0.000

−0.10***

0.000

-0.07

0.406

0.05

0.350

Ln(N)

0.11***

0.004

0.04*

0.091

Ln(growth

of workers)

0.06*

0.066

0.01

0.856

Coastal Dummy

0.11***

0.000

0.52***

0.000

Raw R Square

0.998

0.998

0.995

0.998

F

10745.2***

10471.7***

3852.8***

7399.2***

Significance F

0.000

0.000

0.000

0.000