Model 6 | Model 7 | |||||||
LSDV | pooled OLS | LSDV | pooled OLS | |||||
Coef. | P | Coef. | P | Coef. | P | Coef. | P | |
C | 4.91 | 3.54 | 0 | |||||
T1 | 5.51*** | 0 | 4.11*** | 0 | ||||
T2 | 5.33*** | 0 | 3.96*** | 0 | ||||
T3 | 5.32*** | 0 | 3.92*** | 0 | ||||
T4 | 5.19*** | 0 | 3.78*** | 0 | ||||
T5 | 5.11*** | 0 | 3.69*** | 0 | ||||
T6 | 5.04*** | 0 | 3.63*** | 0 | ||||
T7 | 4.96*** | 0 | 3.55*** | 0 | ||||
Ln(GDP per capita) in 1978 | −0.34*** | 0 | −0.26 | 0 | −0.27 | 0 | −0.18 | 0 |
Ln(education) | 0.57 | 0 | 0.3 | 0 | 0.75 | 0 | 0.47 | 0 |
Ln(Investment rate) | 0.16 | 0 | −0.08 | −0.007 | 0.08 | −0.11 | −0.16 | 0 |
Ln (Overall growth of population) | 2.1 | 0 | 1.83 | −0.001 | ||||
Ln(Overall growth of workers) | −0.59 | 0 | −0.66 | 0 | ||||
Coastal Dummy | 0.19 | 0 | 0.2 | 0 | 0.04 | −0.128 | 0.05 | −0.147 |
Square of Ln(Overall growth of workers) | 0.21 | −0.019 | 0.25 | −0.015 | ||||
Square of Ln(Overall growth of population) | −2.65 | 0 | −2.23 | −0.0045 | ||||
Adjusted raw R square | 0.993 | 0.992 | ||||||
Adjusted R square | 0.507 | 0.4 | 0.45 | 0.32 | ||||
F | 9273.6*** | 23.5*** | 8302.7*** | 16.9*** | ||||
Significance F | 0 | 0 | 0 | 0 |