Table 4 Result of panel GMM estimation... | Emerald Publishing

Table 4

Result of panel GMM estimation before Covid-19

GDP	Coef	Std. Err	z	P > \|z\|		[95% Conf. Interval]
ln₁(GDP)	0.2859***	0.0526	5.2154	0.000	−0.3265	−0.1529
LnTO	0.0652*	0.0496	1.6528	0.0526	−0.0195	0.1756
LnFDI	0.0157	0.0195	0.5234	0.2545	−0.0285	0.0415
LnINT	0.0016**	0.0008	2.2637	0.0123	−0.0021	0.0004
LnUMP	−0.3015	0.2985	−1.0419	0.2254	−1.04963	0.2856
LnINF	−0.0205**	0.0135	−1.4258	0.0228	−0.0496	0.0025
LnGFCF	0.0452*	0.0325	1.7132	0.0695	−0.0042	0.1362
Constant	0.1052	8.1452	0.0125	0.7856	−15.2635	16.1689

GDP	Coef	Std. Err	z	P > \|z\|		[95% Conf. Interval]
ln₁(GDP)	0.2859***	0.0526	5.2154	0.000	−0.3265	−0.1529
LnTO	0.0652*	0.0496	1.6528	0.0526	−0.0195	0.1756
LnFDI	0.0157	0.0195	0.5234	0.2545	−0.0285	0.0415
LnINT	0.0016**	0.0008	2.2637	0.0123	−0.0021	0.0004
LnUMP	−0.3015	0.2985	−1.0419	0.2254	−1.04963	0.2856
LnINF	−0.0205**	0.0135	−1.4258	0.0228	−0.0496	0.0025
LnGFCF	0.0452*	0.0325	1.7132	0.0695	−0.0042	0.1362
Constant	0.1052	8.1452	0.0125	0.7856	−15.2635	16.1689

Note(s): ***, ** and * statistical significance at 1%, 5% and 10% levels, respectively

Source(s): Authors