Country-specific FMOLS results
| Country | Dummy | War × Dependency | INF | Oil | TO | FDI | Y | REM | UNEMP |
|---|---|---|---|---|---|---|---|---|---|
| Armenia | −0.29 *** | 0.93 *** | 0.99*** | 0.32 *** | 0.17 *** | 0.11* | −0.15* | −0.15*** | 0.10 *** |
| Azerbaijan | −1.13 *** | −0.94 ** | 0.09*** | −0.15 *** | 0.19*** | 0.18*** | −0.11 *** | 0.01 | −0.12 |
| Belarus | 0.54 *** | 0.10 | 0.13** | 0.16 *** | −0.31 *** | 0.13 *** | −0.28 ** | −0.05 | −0.30 *** |
| Estonia | −0.31 ** | −0.05 | 0.08 ** | 0.05 | 1.22 *** | 0.10 *** | 0.06 *** | −0.04 | −0.13 *** |
| Kazakhstan | −0.07 | −0.51*** | 0.10*** | −0.10** | 0.01 | 0.02 | 0.03 | −0.09 *** | −0.04 |
| Kyrgyzstan | 1.68*** | 5.45*** | 0.26*** | 0.89 *** | 0.38 *** | 0.07 *** | −0.14 *** | −0.15 *** | 0.14 *** |
| Latvia | −0.17*** | −0.15* | 0.07*** | 0.43 *** | 0.00 | −0.03 | 0.03*** | −0.06*** | −0.12 *** |
| Lithuania | −0.37*** | −0.57*** | 0.05 * | 0.23 *** | 1.14 *** | 0.08 *** | 0.06*** | 0.05 *** | 0.02 *** |
| Russia | 0.10 | 0.04 | 0.10** | 0.30** | 0.30** | 0.50 ** | 0.13*** | 0.00 | −0.08 |
| Ukraine | 8.69*** | 2.77 *** | 1.75*** | 0.65 *** | −1.52 *** | 0.19 *** | 0.01 | −0.22 *** | 0.23*** |
| Country | Dummy | War × Dependency | INF | Oil | TO | FDI | Y | REM | UNEMP |
|---|---|---|---|---|---|---|---|---|---|
| Armenia | −0.29 *** | 0.93 *** | 0.99*** | 0.32 *** | 0.17 *** | 0.11* | −0.15* | −0.15*** | 0.10 *** |
| Azerbaijan | −1.13 *** | −0.94 ** | 0.09*** | −0.15 *** | 0.19*** | 0.18*** | −0.11 *** | 0.01 | −0.12 |
| Belarus | 0.54 *** | 0.10 | 0.13** | 0.16 *** | −0.31 *** | 0.13 *** | −0.28 ** | −0.05 | −0.30 *** |
| Estonia | −0.31 ** | −0.05 | 0.08 ** | 0.05 | 1.22 *** | 0.10 *** | 0.06 *** | −0.04 | −0.13 *** |
| Kazakhstan | −0.07 | −0.51*** | 0.10*** | −0.10** | 0.01 | 0.02 | 0.03 | −0.09 *** | −0.04 |
| Kyrgyzstan | 1.68*** | 5.45*** | 0.26*** | 0.89 *** | 0.38 *** | 0.07 *** | −0.14 *** | −0.15 *** | 0.14 *** |
| Latvia | −0.17*** | −0.15* | 0.07*** | 0.43 *** | 0.00 | −0.03 | 0.03*** | −0.06*** | −0.12 *** |
| Lithuania | −0.37*** | −0.57*** | 0.05 * | 0.23 *** | 1.14 *** | 0.08 *** | 0.06*** | 0.05 *** | 0.02 *** |
| Russia | 0.10 | 0.04 | 0.10** | 0.30** | 0.30** | 0.50 ** | 0.13*** | 0.00 | −0.08 |
| Ukraine | 8.69*** | 2.77 *** | 1.75*** | 0.65 *** | −1.52 *** | 0.19 *** | 0.01 | −0.22 *** | 0.23*** |
Note(s): Values represent coefficients
***p < 0.01, **p < 0.05 and *p < 0.10
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