Variables | Central Africa | Eastern Africa | ||||||
OPEN1 | OPEN2 | OPEN3 | OPEN4 | OPEN1 | OPEN2 | OPEN3 | OPEN4 | |
OPEN’ | 0.991*** | −0.915*** | 1.329*** | 0.877*** | −0.133 | −0.822*** | 0.354*** | −0.0833 |
(0.262) | (0.261) | (0.131) | (0.0861) | (0.137) | (0.146) | (0.0797) | (0.0857) | |
InGFCF | 0.435** | 1.310*** | 0.183 | 0.183 | 1.131*** | 1.277*** | 0.821*** | 1.131*** |
(0.197) | (0.188) | (0.140) | (0.140) | (0.124) | (0.112) | (0.123) | (0.124) | |
InLF | −0.484*** | −0.607*** | −0.314*** | −0.314*** | −0.321*** | −0.408*** | −0.256*** | −0.321*** |
(0.0623) | (0.0541) | (0.0515) | (0.0515) | (0.0307) | (0.0299) | (0.0261) | (0.0307) | |
InEXC | 0.634*** | 0.618*** | 0.240*** | 0.240*** | −0.00724 | −0.0403* | −0.00618 | −0.00724 |
(0.0860) | (0.0886) | (0.0814) | (0.0814) | (0.0246) | (0.0236) | (0.0232) | (0.0246) | |
InFD | 0.438*** | 0.171* | 0.650*** | 0.650*** | 0.716*** | 0.870*** | 0.536*** | 0.716*** |
(0.109) | (0.102) | (0.0872) | (0.0872) | (0.0747) | (0.0683) | (0.0684) | (0.0747) | |
InFDI | −0.317*** | −0.138 | −0.154 | −0.154 | 0.308* | 0.578*** | 0.0146 | 0.308* |
(0.119) | (0.124) | (0.0953) | (0.0953) | (0.160) | (0.149) | (0.149) | (0.160) | |
InCPI | 1.466*** | 0.780** | 1.320*** | 1.320*** | −2.446*** | −2.030*** | −2.257*** | −2.446*** |
(0.368) | (0.383) | (0.289) | (0.289) | (0.503) | (0.477) | (0.484) | (0.503) | |
Constant | −1.764 | 8.022*** | −1.626 | 2.993* | 16.70*** | 17.30*** | 15.41*** | 16.15*** |
(2.405) | (2.362) | (1.648) | (1.570) | (2.187) | (2.035) | (2.089) | (2.177) | |
Observations | 152 | 152 | 152 | 152 | 228 | 228 | 228 | 228 |
R-squared | 0.640 | 0.636 | 0.770 | 0.770 | 0.761 | 0.790 | 0.780 | 0.761 |
F statistics | 36.62 | 35.87 | 68.91 | 68.91 | 100.00 | 118.18 | 111.18 | 111.18 |