Variables

OLS

FE

cab (−1)

0.938***

(0.011)

0.705***

(0.058)

ydr

0.113***

(0.039)

0.015

(0.050)

edr

0.011

(0.082)

−0.042

(0.148)

lnreer

−5.41

(3.252)

−7.661

(4.560)

lngdp

1.801***

(0655)

1.453*

(0.819)

fdi

0.090

(0.078)

0.219**

(0.093)

Open

−0.017***

(0.007)

−0.030

(0.059)

gov

-0.019

(0.025)

−0.011

(0.025)

Constant

−29.847**

(12.238)

−27.177*

(15.124)

Observations

609

609

Adjusted R²

0.936

0.545

F

0.000

0.000