The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Variable | (1) | (2) | (3) | (4) | (5) |
---|---|---|---|---|---|
(r−g) | 0.008810* (0.005210) | 0.002270*** (0.000434) | 0.005952** (0.003067) | −0.001228 (0.001123) | −0.000196 (0.001417) |
Lag GDP/capita | −3.08E − 06** (1.49E − 06) | −1.07E − 06*** (3.99E − 07) | 8.18E − 07 (9.16E − 07) | −4.80E − 07 (5.95E − 07) | −2.73E − 06** (1.14E − 06) |
Govt. spending (as % of GDP) | 0.003548 (0.002429) | −0.000357 (0.000394) | −0.000784 (0.000744) | 0.000219 (0.000537) | 0.000634 (0.000863) |
Inflation | −0.000463 (0.000373) | 0.000241* (0.000125) | −0.000784 (0.000744) | 0.000660** (0.000231) | −0.000809 (0.000503) |
Population growth rate | −0.004410 (0.003564) | 0.001555 (0.001052) | 0.002987 (.002300) | 7.75E − 05 (0.001365) | −0.001901 (0.002342) |
Natural resource rent (as % of GDP) | −0.001108 (0.000803) | −8.43E − 05 (0.000286) | 0.001029 (0.000846) | −0.001506** (0.000606) | −0.001616* (0.000900) |
Gross savings rate (as % of GDP) | 0.000749* (0.000402) | 0.000545*** (0.000167) | 0.128700*** (0.040032) | 0.000703*** (0.000228) | 0.001111** (0.000440) |
Tax revenue (as % of GDP) | −0.00205*** (0.000556) | −0.00210*** (0.000256) | −0.003842** (0.001546) | −0.00153*** (0.000339) | −0.0015*** (0.000460) |
Trade openness | 0.000106 (9.70E − 05) | 0.000124*** (4.31E − 05) | −2.05E − 05 (0.000118) | 1.52E − 05 (6.96E − 05) | 0.000100 (8.61E − 05) |
Unemployment rate | 0.002446*** (0.000810) | 0.001077*** (0.000261) | 0.012603*** (0.003539) | 0.000763** (0.000381) | 0.000541 (0.000511) |
EFW1 | 0.295454* (0.167960) | ||||
EFW12 | −0.018695 (0.011420) | ||||
(r−g) × EFW1 | −0.001254* (0.000741) | ||||
EFW2 | 0.093011*** (0.029822) | ||||
EFW22 | −0.00828*** (0.002879) | ||||
(r−g) × EFW2 | −0.00040*** (7.67E − 05) | ||||
EFW3 | −0.341668** (0.173638) | ||||
EFW32 | 0.019706* (0.010142) | ||||
(r−g) × EFW3 | −0.000708* (0.000364) | ||||
EFW4 | 0.195123*** (0.067223) | ||||
EFW42 | −0.01211*** (0.004460) | ||||
(r−g) × EFW4 | 0.000153 (0.000149) | ||||
EFW5 | −0.56761** (0.263736) | ||||
EFW52 | 0.040889** (0.018762) | ||||
(r−g) × EFW5 | 4.34E − 07 (0.000200) | ||||
Observations | 1360 | 1360 | 1358 | 1359 | 1360 |
Number of countries | 80 | 80 | 80 | 80 | 80 |
Adj. R-squared | 0.840632 | 0.962136 | 0.848207 | 0.940148 | 0.878289 |
F-statistic | 475.1823 | 481.1154 | 474.1967 | 475.2936 | 478.9523 |
Prob (F-statistic) | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |