Variable

Coefficient

Std. Error

t-Statistic

Prob.

Constant

0.295

0.464

0.637

0.533

∆Ln(FDI)

0.174***

0.058

2.972

0.009

∆Ln(Agr)

−4.200***

1.376

−3.052

0.007

∆Ln(RER)

−0.545

0.789

−0.690

0.499

∆Ln(GFCF)

3.427***

1.050

3.265

0.005

∆

−0.006**

0.003

−2.073

0.046

∆Ln(Labour)

−1.887***

0.588

−3.210

0.003

∆Ln(Trade)

2.560***

0.769

3.329

0.004

R-squared

0.602

Diagnostic Tests

Adjusted R-squared

0.438

Heteroskedasticity: ARCH

F-statistic

3.667

F-stat = 1.5647

Prob. = 0.2125

Prob. (F-statistic)

0.013

Obs*R-sq = 19.7958 Pr. = 0.2004

Durbin-Watson stat

2.032

Breusch-Godfrey Serial

Correlation LM Test

F-stat = 0.3468

Prob. = 0.7125

Obs*R-sq = 1.1048

Pr. = 0.5756

Ramsey RESET = 0.3949 [0.5386]