Dependent variable: Log TFP |
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|
Independent variable: | A. Percentage of GDP | B. Per capita |
Log (public consumption): LG | −0.690066* [−4.19086] | −0.593109* [−3.75748] |
Log (public investment): LIG | 0.147636 [1.44583]**** | 0.280652** [2.39343] |
Log (imports): LM | 0.020417 [0.25688] | 0.173842*** [1.93741] |
Trend (initial year 1960) | −0.000148 [−0.38153] | −0.000383 [−1.05744] |
Constant | 5.960275 | 5.778675 |
Determinant resid covariance (dof adj.) | 4.08E−09 | 3.89E−09 |
Determinant resid covariance | 3.97E−09 | 3.71E−09 |
Log likelihood | 3389.438 | 3353.193 |
Akaike information criterion | −7.925562 | −7.952387 |
Schwarz criterion | −7.763365 | −7.696891 |
Adjustment coefficients |
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|
alpha 1 | −0.032384* [−6.92493] | −0.025891* [−6.59271] |
alpha 2 | −0.004961 [−1.03658] | −0.020946* [−5.35026] |
alpha 3 | 0.017037 [1.59783] | −0.002611 [−0.27082] |
alpha 4 | −0.000177 [−0.01920] | −0.018276** [−2.01146] |