Table 1 Summary statistics on the regression model

Albania

Bosnia and Herzegovina

Output

4.11

2.148303

1.4

5.9

1.642373

3.339017

−2.9

5.3

FDI

15.80851

19.62684

0

88.2

11.78983

18.39724

0

81.2

FTW

3.303447

0.802159

2.014903

5.374352

3.948834

0.829736

2.054124

5.773309

CU

74.41538

5.513741

61.1

92.7

76.89245

5.671821

53.9

88.2

AEG

9.085714

6.495794

0.5

18.6

3.494595

2.841845

−1.9

12.1

ALPG

−2.03182

6.108884

−9.3

12.5

5.235294

3.922421

−4.7

19

PTSExD

15.48085

16.67517

0

62.6

14.08136

12.02102

0.2

57.8

PTSExI

3.07234

3.54442

0.4

24.1

1.888136

1.401857

0

5.4

Croatia

Macedonia

Output

3.003333

2.611121

−0.9

5.2

1.353448

2.298681

−1.6

4.1

FDI

13.06333

19.75107

0

86.2

12.20862

17.71655

0

84.9

FTW

4.010516

1.065431

1.960095

6.647688

3.650884

1.139481

1.902107

6.29545

CU

78.3963

5.342883

65.4

90.2

76.45882

5.419416

63.2

89.8

AEG

5.041026

3.360037

0

19.4

9.563889

2.202227

5

14.3

ALPG

−0.8

9.590029

−20.5

31.3

1.974286

4.055305

−5.7

12.3

PTSExD

15.05333

12.16701

0.3

50.3

16.27931

14.31342

0.1

62.3

PTSExI

3.051667

2.523079

0

13.6

6.394828

5.319426

0.1

20.9

Serbia

Slovenia

Output

1.838333

3.978931

−3.1

7.1

−1.29445

4.879623

−7.8

4

FDI

13.22667

19.66332

0

83.8

16.14259

21.29529

0

99

FTW

3.997069

1.014015

2.014903

6.2293

3.837273

1.046518

1.987874

6.0965

CU

72.07547

7.056282

52.5

85.6

80.8125

6.289763

63.8

88.1

AEG

4.028947

2.937632

−2.9

12.8

2.170588

3.202038

−3.3

10.7

ALPG

8.008108

4.594041

−1.1

21.1

6.275

3.422789

0.4

20.4

PTSExD

11.68833

8.180819

0.4

47.8

23.44444

15.729

0.5

57.5

PTSExI

1.906667

1.310307

0.1

6.6

3.266667

2.215298

0

11