Variables

Model 7

Model 8

Model 9

Model 10

FG

−0.1229***

(4.76)

−0.1254***

(4.66)

-

-

FX

0.1983**

(2.32)

-

0.2268***

(3.76)

-

FJ

−0.0159**

(−2.33)

-

-

−0.1974***

(−3.10)

FIS

−0.0128

(−0.24)

0.0011

(0.05)

−0.0794

(−1.23)

−0.0481

(−0.91)

FDI

0.0057

(0.41)

0.0036

(0.07)

−0.0037

(−0.31)

−0.0049

(−0.27)

HMC

0.0649**

(2.56)

0.0645**

(2.43)

0.0338

(1.16)

0.0376

(1.21)

C

−0.8429***

(−5.87)

−0.7191***

(−4.95)

−0.7332***

(−4.89)

−0.6717***

(−4.44)

FG

−0.1229***

(4.76)

−0.1254***

(4.66)

-

-