Variables | Southern Africa | |||
OPEN1 | OPEN2 | OPEN3 | OPEN4 | |
OPEN’ | −0.468** | −0.974*** | 0.695*** | −0.153** |
(0.187) | (0.127) | (0.121) | (0.0610) | |
InGFCF | 0.919*** | 0.990*** | 0.652*** | 0.919*** |
(0.104) | (0.0866) | (0.0924) | (0.104) | |
InLF | −0.240*** | −0.324*** | −0.108*** | −0.240*** |
(0.0406) | (0.0343) | (0.0327) | (0.0406) | |
InEXC | 0.0153 | 0.00751 | 0.0380** | 0.0153 |
(0.0172) | (0.0150) | (0.0159) | (0.0172) | |
InFD | 0.894*** | 0.843*** | 0.866*** | 0.894*** |
(0.0542) | (0.0485) | (0.0510) | (0.0542) | |
InFDI | −0.545*** | −0.419*** | −0.518*** | −0.545*** |
(0.0740) | (0.0678) | (0.0693) | (0.0740) | |
InCPI | 0.186 | 0.157 | 0.0736 | 0.186 |
(0.116) | (0.103) | (0.110) | (0.116) | |
Constant | 8.065*** | 10.78*** | 2.797*** | 5.993*** |
(1.292) | (0.974) | (0.867) | (0.806) | |
Observations | 190 | 190 | 190 | 190 |
R-squared | 0.722 | 0.783 | 0.757 | 0.722 |
F statistics | 67.63 | 93.63 | 80.91 | 80.91 |