| (1) | (2) | (3) | (4) | (5) |
xg | −731.03* | −926.91** | −919.28** | −914.19** | −370.25* |
(423.52) | (375.34) | (373.24) | (395.86) | (195.94) | |
pop | −13.72*** | −10.11** | −8.63** | −10.34** | −10.57** |
(3.87) | (4.08) | (4.10) | (3.91) | (4.18) | |
pergdp | −0.10*** | −0.10*** | −0.09*** | −0.10*** | −0.08*** |
(0.01) | (0.03) | (0.03) | (0.03) | (0.02) | |
tge | −51.69*** | −53.33*** | −47.73*** | −48.94*** | −21.17*** |
(7.69) | (8.78) | (12.99) | (13.72) | (5.57) | |
open | 78.02 | 110.68 | 76.89 | 105.71 | 37.95 |
(67.69) | (71.13) | (60.03) | (73.82) | (49.73) | |
inv | 18.09*** | 16.43*** | 15.44*** | 16.73*** | 7.97*** |
(2.18) | (4.13) | (4.18) | (4.27) | (2.33) | |
reiinv | 31.68 |
| 41.95 | 43.65 | 22.29 |
(28.04) |
| (32.90) | (34.51) | (25.36) | |
prop | −75.37** | −55.62*** | −59.05*** | −56.62*** | −7.85 |
(30.85) | (16.06) | (17.34) | (16.02) | (11.81) | |
db | −0.01 |
| 0.21 | −0.20 | −0.36 |
(0.38) |
| (0.83) | (0.87) | (0.30) | |
dr | −1367.32 |
| 1534.45*** | 1077.40* | 1103.73*** |
(1516.12) |
| (528.66) | (618.66) | (178.30) | |
trs | −0.11 | −0.16 | −0.09 | −0.10 | −0.04 |
(0.36) | (0.10) | (0.16) | (0.16) | (0.09) | |
perdi | 0.15** | 0.18 | 0.22 | 0.19 | 0.09 |
(0.08) | (0.17) | (0.14) | (0.16) | (0.08) | |
rchpir | 71.45 | 41.19 |
| 53.11 | −40.27 |
(143.13) | (189.81) |
| (193.70) | (137.99) | |
m2gr | −102.74 | 112.14 | 189.18* | 112.42 | 83.88* |
(75.59) | (128.67) | (99.04) | (119.60) | (47.48) | |
ggr | 71.60 | −31.15 | 11.60 | 25.45 | −60.58 |
(219.78) | (154.03) | (148.97) | (157.70) | (80.68) | |
cpi | 56.35 | 28.15 | 31.43 | 30.38 | −7.48 |
(56.38) | (28.48) | (26.33) | (28.06) | (36.51) | |
cci | 258.52 | −146.96 | −212.78* | −142.57 | −117.61** |
(271.21) | (137.30) | (108.35) | (126.05) | (47.80) | |
cei | 0.00 | 127.68 | 152.02** | 133.71* | 102.21** |
(.) | (79.95) | (70.88) | (77.30) | (47.16) |