Table 5 Short run results, dependent... | Emerald Publishing

Table 5

Short run results, dependent variable and GDP growth

Variable	Co-efficient	Standard error	p-value
L.GDPG	−0.176^***	0.017	0.000
DigiTech	−6.817^***	0.614	0.000
DigiTechSq	6.348^***	0.66	0.000
ExtDb	−0.009^***	0.002	0.000
GovExp	−0.057^***	0.014	0.000
Infl	−0.048^***	0.005	0.000
lnLFP	−0.295	0.373	0.435
lnCapForm	0.123	0.151	0.420
Constant	4.091^**	1.698	0.022
No. of groups			34
No. of instruments			27
No. of countries			37
Prob > F			0.000
AR (1)			0.010
AR (2)			0.098
Hansen test			0.170

Variable	Co-efficient	Standard error	p-value
L.GDPG	−0.176^***	0.017	0.000
DigiTech	−6.817^***	0.614	0.000
DigiTechSq	6.348^***	0.66	0.000
ExtDb	−0.009^***	0.002	0.000
GovExp	−0.057^***	0.014	0.000
Infl	−0.048^***	0.005	0.000
lnLFP	−0.295	0.373	0.435
lnCapForm	0.123	0.151	0.420
Constant	4.091^**	1.698	0.022
No. of groups			34
No. of instruments			27
No. of countries			37
Prob > F			0.000
AR (1)			0.010
AR (2)			0.098
Hansen test			0.170

Source(s): Authors’ construct