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