TFPGR

TFPGR

FDI

FDI*RENT

TFPGR

Ln(TFPinit)

−0.009819***

−0.00951***

−0.93253

17.97145*

−0.005235

(−2.997)

(−2.867)

(−0.698)

(1.765)

(−1.141)

FDI

0.000321

0.001543**

0.006557*

(0.435)

(2.342)

(1.841)

FDI*RENT

−0.00011***

−0.000301*

(−3.165)

(−1.690)

RENT

−0.000442*

−0.000042

−0.09574

1.122294**

−0.000254

(−1.864)

(−0.185)

(−1.598)

(2.037)

(−0.556)

Ln(TRADE)

0.001015

−0.000114

2.48538***

17.32759**

−0.012889*

(0.281)

(−0.030)

(2.988)

(2.221)

(−1.814)

Ln(CREDIT)

0.005374***

0.005450**

−1.16961**

−8.383227

0.011721***

(2.686)

(2.653)

(−2.267)

(−1.526)

(2.854)

Ln(INFLATION)

−0.003983**

−0.003288*

−0.497567

0.983595

−0.002649

(−2.090)

(−1.869)

(−1.374)

(0.365)

(−0.955)

POPGR

−0.768257***

−0.74263***

−130.644**

−399.5595

−0.257186

(−4.243)

(−4.090)

(−2.255)

(−1.353)

(−0.718)

LANDLOCK

−0.665290

−32.146***

(−0.559)

(−3.178)

LANDLOCK*RENT

0.81017***

16.65108***

(6.534)

(6.978)

FDILAG

0.09532

−2.533505

(0.244)

(−0.830)

FDILAG*RENT

0.14305*

1.064964

(1.992)

(1.279)

EXR

0.04233

−0.580877*

(0.841)

(−1.804)

CONSTANT

0.060972**

0.058217**

2.89184

−110.7236*

0.045327

(2.334)

(2.141)

(0.439)

(−1.688)

(1.357)

R²

0.36

0.39

0.64

0.91

0.25

R²−adjusted

0.29

0.32

0.56

0.89

0.13

Observations

71

71

59

59

59