Variable

(1)

lnGDP

(2)

lnPGDP

lnDFI

0.1507***

0.1384***

(15.1129)

(14.2543)

INS

0.4449***

0.4476***

(4.3254)

(4.6251)

INL

0.0184***

0.0164***

(7.4520)

(7.1343)

RDI

0.0391***

0.0446***

(3.2041)

(3.4291)

DFT

0.4336***

0.2947***

(5.2921)

(2.8903)

RND

0.7219***

0.6716***

(7.0441)

(5.8051)

Constant

7.8091***

8.8883***

(57.7233)

(69.4011)

Observations

300

260

R-squared

0.8853

0.8847