Table 2

Variables with significant influence on investment

VariablesSymbolEstimate
SupplyStSt−1 − SAt−1 + Wrain
Private demandDprivNpriv × Wpriv
Industry demandDindPind × Wind
School demandDschNprivate × Ssch × Wsch
Hospital demandDhosNprivate × Shos × Whos
External demandDextZ × (PS × QS × Cwr_average)

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