Table 3 Tests on Albania and Bosnia and Herzegovina

FDI

0.0022361

0.0342665

−0.0206614

−0.0105153

−0.0827123

−0.1182598

0.0077411

−0.1021802

[0.0230281]

[0.0226435]

[0.0267631]

[0.0207512]

[0.0831161]

[0.0797288]

[0.0226236]

[0.0799204]

FTW

2.424865

2.402569

0.1612213

1.435311

−0.8054222

−1.009272

−0.7277517

[1.053276]**

[01.002164]**

[0.9701543]

[0.6774721]**

[0.6211012]

[0.5862138]*

[0.5758461]

CU

0.0452259

0.0526154

−0.0498282

0.3257429

0.1414685

−0.3749244

−0.3678218

−0.3697977

0.149948

−0.3566257

[0.1630184]

[0.1405497]

[0.055338]

[0.169239]*

[0.1442539]

[0.0870638]***

[0.0867507]***

[0.0883742]***

[0.0786085]*

[0.084268]***

AEG

0.34778

0.3858986

0.3339605

−0.8666269

−0.8424223

−0.9145249

−0.8753095

[0.024288]***

[0.027225]***

[0.0420]***

[0.0984684]***

[0.0953951]***

[0.0927477]***

[0.0959159]***

ALPG

−0.0472097

−0.0533777

−0.0101534

−0.0124383

−0.0055441

−0.0864207

−0.0182179

[0.0233589]*

[0.0292785]*

[0.0484071]

[0.1005754]

[0.1003133]

[0.0841617]

[0.0964559]

PTSExD

−0.041695

−0.0401812

0.0275224

0.0149428

−0.0094295

−0.0096473

−0.0167131

0.0069552

[0.0342619]

[0.0297445]

[0.0240927]

[0.0360871]

[0.0219874]

[0.0219813]

[0.0216002]

[0.0359716]

PTSExI

−0.2971113

−0.2944428

−0.1556358

−0.2415115

0.2106368

0.252745

0.1547006

−0.7655403

[0.0906177]***

[0.0841845]***

[0.0866145]

[0.0791925]***

[0.1968437]

[0.1921976]**

[0.1951513]

[0.3048574]*

Constant

−6.852382

−7.328121

3.844949

−21.61115

−11.35116

33.70786

33.25633

31.3623

−8.401977

32.60654

[10.03826]

[8.541692]

[4.093321]

[010.94306]*

[9.44432]

[6.905549]***

[6.889036]***

[6.771745]***

[6.280339]

[6.721382]***

R-squared

0.5541

0.5539

0.7917

0.3018

0.5194

0.846

0.8384

0.8331

0.2228

0.8358

Adj R-sqrd

0.4368

0.4647

0.6862

0.1622

0.4232

0.7922

0.7923

0.7854

0.158

0.7985

Obs

416

364

364

260

260

472

413

413

295

354

Time period

2005–2013

2002–2013