The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Variables | log(SCINAV) | log(SCINAV) | log(SCINAV) | log(SCINAV) |
---|---|---|---|---|
(1) | (2) | (3) | (4) | |
log(SCINAV)t−1 | 0.164 (0.0269)*** | 0.295 (0.0267)*** | 0.179 (0.0132)*** | 0.228 (0.0159)*** |
TCI | 0.0159 (0.00454)*** | 0.0159 (0.00307)*** | 0.0488 (0.0196)** | |
log(AfTTOTCST) | 0.0343 (0.0378) | 0.0743 (0.0176)*** | 0.0620 (0.0132)*** | |
[TCI] × [log(GDPC)] | − 0.00698 (0.00289)** | |||
TP | 0.000529 (0.00396) | − 0.00243 (0.00473) | 0.000189 (0.00266) | − 0.00165 (0.00287) |
EDU | − 0.0110 (0.00162)*** | − 0.00284 (0.00153)* | − 0.0110 (0.00127)*** | − 0.00855 (0.00113)*** |
FINDEV | 0.00818 (0.00163)*** | − 0.00237 (0.00173) | 0.00353 (0.00105)*** | 0.000857 (0.000876) |
log(GDPC) | 0.00750 (0.0431) | 0.131 (0.0611)** | 0.116 (0.0328)*** | 0.144 (0.0277)*** |
log(POP) | − 0.180 (0.0298)*** | − 0.107 (0.0477)** | − 0.262 (0.0215)*** | − 0.229 (0.0180)*** |
SHARABLE | − 0.00135 (0.00364) | 0.0125 (0.00447)*** | 0.00540 (0.00237)** | 0.00539 (0.00178)*** |
INST | − 0.139 (0.0307)*** | − 0.0353 (0.0486) | − 0.123 (0.0234)*** | − 0.145 (0.0259)*** |
Constant | − 0.698 (0.773) | − 2.586 (0.942)*** | − 1.299 (0.441)*** | − 1.067 (0.300)*** |
Observations–countries | 356–81 | 435–81 | 334–81 | 334–81 |
Number of Instruments | 64 | 64 | 74 | 75 |
AR1 (p value) | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
AR2 (p value) | 0.7562 | 0.2204 | 0.3374 | 0.2883 |
AR3 (p value) | 0.2605 | 0.8121 | 0.4544 | 0.3923 |
Sargan (p value) | 0.6131 | 0.4734 | 0.3198 | 0.2523 |