Variables

Goods export effect

Services export effect

FDI effect

1

2

1

2

1

2

Constant,

26.814^***

(13.71)

19.553^***

(2.62)

−10.590^***

(−15.89)

−6.478^***

(−7.94)

2.575

(−1.54)

−3.916

(−1.33)

−2.189^***

(−13.62)

−1.549^**

(−2.48)

1.434^***

(26.43)

0.918^***

(13.73)

0.942^***

(6.86)

0.537^**

(2.21)

0.933^***

(110.50)

0.739^***

(9.44)

0.572^***

(227.07)

0.637^***

(124.85)

−0.052^***

(−4.85)

−0.067^***

(−5.58)

−0.558^***

(−44.86)

−0.379^***

(−3.89)

−0.611^***

(−64.34)

−0.560^***

(−34.55)

−0.521^***

(−12.85)

0.128^***

(3.79)

−0.122

(−0.56)

0.206^***

(8.62)

0.196^**

(2.24)

1.122^***

(3.87)

0.328^***

(10.73)

2.252^***

(21.77)

0.734^***

(4.00)

1.093^***

(65.80)

0.256^***

(2.83)

Observations

160

160

160

160

160

160