The explained viable:

growth of GDP per worker

Model 3

Model 4

Model 5

LSDV

Pooled OLS

FGLS

LSDV

LSDV

Constant

4.19

(0.0000)

1.64

(0.0000)

T1

4.81***

(0.000)

5.38***

(0.000)

4.607***

(0.000)

T2

4.64***

(0.000)

5.20

(0.000)

4.45

(0.000)

T3

4.60***

(0.000)

5.18

(0.000)

4.41

(0.000)

T4

4.48***

(0.000)

5.06

(0.000)

4.28

(0.000)

T5

4.39***

(0.000)

4.97

(0.000)

4.19

(0.000)

T6

4.35***

(0.000)

4.90

(0.000)

4.13

(0.000)

T7

4.24***

(0.000)

4.82

(0.000)

4.06

(0.000)

Ln(GDP per capita)

in 1978

−0.27***

(0.000)

−0.19***

0.0000

−0.14***

0.0000

−0.34***

(0.000)

−0.28***

(0.000)

Ln(Education)

in representative years

0.67***

(0.000)

0.40***

(0.000)

0.16***

(0.000)

0.59***

(0.000)

0.69***

(0.000)

Ln(Investment rate)

in representative years

0.13**

(0.011)

−0.11***

(0.000)

−0.06***

(0.001)

0.15***

(0.001)

0.10*

(0.051)

Ln(Index of population growth)

in representative years

0.05**

(0.041)

0.06**

(0.012)

0.01031

(0.375)

Ln(Growth of workers)

since 1978 to 2008

−0.26***

(0.000)

Ln(Growth of population)

since 1982 to 2008

0.25**

(0.029)

Coastal dummy

0.06**

(0.031)

0.06*

(0.056)

0.041***

(0.003)

0.21***

(0.000)

0.06**

(0.047)

Raw R square

0.998

0.998

0.998

R square

0.447

0.317

0.179

0.527

0.448

Adjusted R square

0.410

0.299

0.159

0.495

0.411

F

8377.4***

18.2***

8.6

9811.1***

8401.2***

Significance F

(0.000)

(0.000)

(0.000)

(0.000)

(0.000)