VARIABLES

(1)

Real growth rate

(2)

renew for the habitant

Lagged dependent variable

0.101***

0.109***

(0.0474)

(0.0501)

Diversification index

0.177*

0.113*

(0.0803)

(0.0613)

Constant

0.659**

0.667**

(0.393)

(0.301)

Observations

1015

1012

Number of countries

46

46

Wald chi²

27.81

25.08

Prob > chi²

0.001

0.000

Number of Instruments

41

41

Sargan p-value

0.33

0.31

AR1 p-value

0.001

0.032

AR2 p-value

0.510

0.201