Dependent variable: Log TFP |
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|
Independent variable: | A. Percentage of GDP | B. Per capita |
Log (public consumption): LG | −0.72642* [−4.22412] | −0.814318* [−5.19468] |
Log (public investment): LIG | 0.203577*** [1.71819] | 0.546306* [4.26199] |
Log (imports): LM | −0.016385 [−0.18674] | 0.14147**** [1.39349] |
Trend (initial year 1960) | −0.00017 [−0.37265] | −0.000915 [−2.25671]** |
Constant | 6.102227 | 6.205452 |
Determinant resid covariance (dof adj.) | 3.97E−09 | 4.25E−09 |
Determinant resid covariance | 3.85E−09 | 4.13E−09 |
Log likelihood | 3189.309 | 3161.951 |
Akaike information criterion | −7.950462 | −7.881638 |
Schwarz criterion | −7.779805 | −7.710981 |
Adjustment coefficients |
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|
alpha 1 | −0.02964* [−6.30310] | −0.019958* [−5.43227] |
alpha 2 | −0.00677 [−1.39669] | −0.020189* [−5.43967] |
alpha 3 | 0.020548*** [1.85256] | 0.012336 [1.34119] |
alpha 4 | 0.001967 [0.21192] | −0.00419 [−0.48932] |