The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Industrial | High income | Developing | Full sample - | Full sample - | Full sample | |
---|---|---|---|---|---|---|
Industrial | Africa and Industrial | |||||
GDP | .1393 | − .0759 | .0161 | − .0815 | − .1150 | − .0603 |
(1.74)* | (− 1.59) | (.31) | (− 1.51) | (− 1.63) | (− 1.21) | |
Fiscal balance | − .0441 | .1202 | .1990 | .3207 | .1247 | .3032 |
(− .27) | (1.02) | (2.09)** | (3.39)*** | (1.34) | (3.46)*** | |
Terms of trade | .0457 | .0196 | .0678 | .0837 | .0615 | .0801 |
(1.31) | (1.24) | (2.50)** | (4.81)*** | (2.76)*** | (4.79)*** | |
Real effective exchange rate | − .0751 | − .0571 | − .1195 | − .1083 | − .1065 | − .1074 |
(− 1.37) | (− 2.94)*** | (− 5.12)*** | (− 4.25)*** | (− 3.57)*** | (− 4.43)*** | |
Trade openness | − .0510 | − .0179 | − .1197 | − .1034 | − .0682 | − .0977 |
(− 1.09) | (− .71) | (− 3.98)*** | (− 3.83)*** | (− 2.33)** | (− 3.84)*** | |
Relative income | − 29.6275 | − 13.6657 | − 214.1652 | − 10.7705 | − 6.1277 | − 13.2496 |
(− 2.30)** | (− 1.42) | (− 3.44)*** | (− .68) | (− .33) | (− 1.21) | |
Average net crude oil export/GDP | .1267 | .5266 | .4277 | .6448 | .7978 | .6390 |
(.34) | (2.30)** | (3.67)*** | (4.56)*** | (3.41)*** | (4.55)*** | |
Total private credit/GDP | − .0326 | − .0208 | − .0676 | − .0277 | − .0209 | − .0290 |
(− 2.77)*** | (− 3.66)*** | (− 2.54)** | (− 2.88)*** | (− 2.82)*** | (− 3.70)*** | |
Polcon V | − .4662 | − 3.1961 | − 1.5152 | − 1.8629 | − 2.5681 | − 1.8285 |
(− .29) | (− 1.74)* | (− 1.23) | (− 1.57) | (− 1.96)* | (− 1.60) | |
R-sq | .1281 | .1340 | .3370 | .2822 | .2083 | .2659 |
Number of observations | 242 | 452 | 750 | 960 | 725 | 1202 |