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) |