Null hypothesis

P-value (Prob > χ)

IRGDP Per Capita is uncorrelated with the error term.

0.002

Export Diversification is not correlated with the error term.

0.023

Export diversification Squared is correlated with the error term.

0.003

Physical Domestic Capital is uncorrelated with the error term.

0.012

FDI is uncorrelated with the error term.

0.011

Human Capital is uncorrelated with the error term.

0.005

Political stability is uncorrelated with the error term.

0.004