Estimation results
| Dependent variable | Lpsdp | |||
|---|---|---|---|---|
| Variables | FE | MG | CCEMG | CCEP |
| Lhe | 0.05*** (0.00) | 0.05*** (0.00) | 0.01** (0.02) | 0.01** (0.05) |
| Ur | −0.02*** (0.00) | −0.05** (0.01) | −0.0004 (0.98) | −0.01 (0.89) |
| Lfpr | 0.01*** (0.00) | 0.01** (0.05) | 0.01** (0.04) | 0.01** (0.00) |
| Ldebt | 0.33*** (0.00) | 0.28*** (0.00) | 0.02 (0.74) | 0.01 (0.49) |
| Popgr | 0.01 (0.61) | 0.08 (0.16) | 0.12 (0.12) | 2.08 (0.29) |
| Fger | 0.005*** (0.00) | 0.0003 (0.88) | 0.0002 (0.73) | 0.0001 (0.87) |
| No. of observations | 630 | 630 | 630 | 630 |
| Dependent variable | Lpsdp | |||
|---|---|---|---|---|
| 0.05*** (0.00) | 0.05*** (0.00) | 0.01** (0.02) | 0.01** (0.05) | |
| −0.02*** (0.00) | −0.05** (0.01) | −0.0004 (0.98) | −0.01 (0.89) | |
| 0.01*** (0.00) | 0.01** (0.05) | 0.01** (0.04) | 0.01** (0.00) | |
| 0.33*** (0.00) | 0.28*** (0.00) | 0.02 (0.74) | 0.01 (0.49) | |
| 0.01 (0.61) | 0.08 (0.16) | 0.12 (0.12) | 2.08 (0.29) | |
| 0.005*** (0.00) | 0.0003 (0.88) | 0.0002 (0.73) | 0.0001 (0.87) | |
| 630 | 630 | 630 | 630 | |
Note(s): Parenthesis is used to report p-values. 1%, 5% and 10% of rejections are denoted by the symbols ***, ** and * respectively
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