Eastern

Middle

Western

xg

−1326.66**

28.66

−522.95**

(628.32)

(185.43)

(171.90)

pop

−49.98***

−2.00*

−0.59

(16.74)

(1.07)

(4.38)

pergdp

−0.13***

0.01

0.02

(0.02)

(0.01)

(0.01)

tge

−7.92

13.40

−12.19*

(11.60)

(18.26)

(5.94)

open

65.41

201.44**

114.93

(61.07)

(79.35)

(67.04)

inv

13.77***

−9.67**

0.59

(4.34)

(3.95)

(2.10)

reiinv

63.50

−28.29**

0.78

(66.45)

(11.59)

(11.57)

prop

−51.48***

−64.42***

36.02

(17.46)

(13.16)

(56.71)

db

−4.85***

0.01

−4.20**

(0.91)

(0.43)

(1.88)

dr

371.96

−3.72

798.25**

(654.65)

(382.29)

(346.90)

trs

31.16***

−0.11***

23.40

(5.05)

(0.04)

(13.24)

perdi

0.15

0.09**

−0.08

(0.16)

(0.04)

(0.05)

rchpir

63.20

−49.60

61.50

(215.17)

(83.91)

(109.71)

m2gr

43.34

49.35

59.03

(149.90)

(48.40)

(45.56)

ggr

198.89

219.49*

−100.54

(227.37)

(108.63)

(134.84)

cpi

55.46*

27.78

−15.57

(30.32)

(71.39)

(54.43)

cci

−94.24

−34.21

−23.22

(155.53)

(69.02)

(59.74)

cei

99.25

38.88

7.94

(117.57)

(46.93)

(52.25)