variable

Absolute conditional convergence model

Relative condition convergence model

$\ln c$

−1.014***

(−9.06)

−0.951***

(−10.54)

$g$

0.277***

(3.40)

$\text{service}$

1.522*

(1.97)

$\text{trade}$

−2.232*

(−2.03)

$\text{energy}$

−0.104

(−1.32)

Cons

−0.909***

(−8.33)

−1.163**

(−2.70)

$R^2$

0.769

0.916

$\text{Adj}{R}^2$

0.689

0.842

F-statistic

82***

37.03***