2007-2017

2007-2013

2014-2017

L.rhp

0.55***

0.46***

0.70***

(0.04)

(0.06)

(0.12)

L2.rhp

−0.00

0.03

0.13*

(0.03)

(0.04)

(0.07)

xg

−217.86*

−964.75***

90.81

(122.88)

(333.12)

(275.94)

tge

−11.10***

−6.27

−13.79**

(3.39)

(5.54)

(6.36)

pop

4.24***

2.08*

1.28

(0.96)

(1.23)

(2.88)

pergdp

0.03***

0.02***

0.00

(0.00)

(0.01)

(0.01)

open

31.00

101.27*

1.79

(36.53)

(59.84)

(56.11)

inv

0.46

2.11

−0.39

(0.77)

(1.75)

(1.22)

reiinv

16.56

35.62**

−25.45

(10.76)

(15.29)

(23.09)

prop

−19.30*

−19.90

−12.58

(10.24)

(15.26)

(15.83)

db

−0.29

0.37

−0.67*

(0.20)

(0.31)

(0.35)

dr

666.23***

−182.82

(103.58)

(491.60)

trs

−0.05

−0.04

−0.01

(0.19)

(0.21)

(0.26)

perdi

0.02

0.00

0.01

(0.02)

(0.06)

(0.03)

rchpir

263.60***

289.18***

361.08***

(49.74)

(62.53)

(104.69)

m2gr

92.49***

10.29

−61.09

(16.74)

(38.50)

(168.90)

ggr

−4.46

401.10

(79.75)

(348.21)

cpi

−21.13

5.85

122.34

(29.61)

(33.62)

(145.35)

cei

−56.70***

143.52

10.23

(21.28)

(131.40)

(111.78)

landarea

0.12

0.09

0.21

(0.10)

(0.12)

(0.22)

depend

−0.87

1.28

−1.28

(2.50)

(3.12)

(4.80)

_cons

1459.93

−21,115.22

−13,302.70

(3424.63)

(15,998.43)

(21,684.84)

N

539

336

203