Driscoll–Kraay standard estimator
| Variables | Model 1 | Model 2 |
|---|---|---|
| LNGDP | 0.131*** (0.001) | −3.254*** (0.003) |
| LNGDP_SQUARED | 0.450*** (0.001) | |
| TRADE | −0.472* (0.049) | −0.407 (0.113) |
| UR | 0.257* (0.046) | 0.342*** (0.009) |
| IND | 1.580*** (<0.001) | 1.565*** (<0.001) |
| IP | 0.438*** (<0.001) | 0.489*** (<0.001) |
| C | 3.009*** (<0.001) | 8.998*** (<0.001) |
| N | 329 | 329 |
| Number of groups | 24 | 24 |
| F | 2924.57 | 4727.87 |
| lag | 2 | 2 |
| R-squared | 0.601 | 0.641 |
| Root MSE | 0.468 | 0.444 |
| Turning point | 4126.25 |
| Variables | Model 1 | Model 2 |
|---|---|---|
| LNGDP | 0.131*** (0.001) | −3.254*** (0.003) |
| LNGDP_SQUARED | 0.450*** (0.001) | |
| TRADE | −0.472* (0.049) | −0.407 (0.113) |
| UR | 0.257* (0.046) | 0.342*** (0.009) |
| IND | 1.580*** (<0.001) | 1.565*** (<0.001) |
| IP | 0.438*** (<0.001) | 0.489*** (<0.001) |
| C | 3.009*** (<0.001) | 8.998*** (<0.001) |
| 329 | 329 | |
| Number of groups | 24 | 24 |
| F | 2924.57 | 4727.87 |
| lag | 2 | 2 |
| 0.601 | 0.641 | |
| Root MSE | 0.468 | 0.444 |
| Turning point | 4126.25 |
Note(s): The sample has 329 observations in West and South Asian countries from 2000 to 2020. Variable definitions are in Appendix A. Significance: *p < 0.10, **p < 0.05, ***p < 0.01
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