Dependent Variable is lec

Regressors

Fixed effect Estimation with Driscoll and Kraay standarderrors

Coefficient

Driscoll/Kraay Std. Error.

t-stats

p-value

rgdpgr

0.0214

0.0075

2.840

0.017

openess

−0.0039

0.0031

−1.300

0.222

fdi

0.0580

0.0161

3.600

0.005

popgr

0.0142

0.0555

0.260

0.804

indus

0.0271

0.0083

3.250

0.009

c

−0.8313

0.1830

−4.540

0.001

Number of obs

=440

Number of groups

=11

F (5, 10)

=7.83

Prob > F

=0.0031

within R−squared

=0.1263