Variables | Model 1 | Model 2 | Model 3 | Model 4 |
FG | −0.1261*** (−4.44) | −0.1145*** (−4.52) | - | - |
FX | 0.2049** (2.72) | - | 0.2533*** (4.71) | - |
FJ | −0.0176** (2.65) | - | - | −0.1198** (4.04) |
FIS | −0.0206 (−0.32) | −0.0021 (−0.06) | −0.0713 (−1.19) | −0.0539 (−0.91) |
FDI | 0.0132 (0.68) | 0.0089 (0.48) | 0.0011 (0.08) | 0.0005 (0.03) |
HMC | 0.0681** (2.37) | 0.0670** (2.29) | 0.0340 (1.28) | 0.0376** (2.23) |
C | −0.7766*** (−5.42) | −0.7177*** (−5.04) | −0.7507*** (−5.02) | −0.6866*** (−4.63) |