Table 5 DK results for the industrial... | Emerald Publishing

Table 5

DK results for the industrial sector in ECOWAS

lnind	DK-OLS	FE(1)	FE(2)	FE(3)	FE(4)
intr	−0.0368^*	−0.0130	0.0085	0.0091	−0.1990^***
lnexr	−0.1560^***	0.0930	−0.0228	−0.1060	0.1720
lninfl	0.0076	−0.5130^**	0.0605	0.0682	−3.8950^***
lnms	−0.3990	−0.5690^**	−0.3010^**	−0.4720^***	−0.8770^***
msgr	0.0040^*	0.0027^**	0.0018^***	0.0024^***	0.0043^**
lncapital	0.7760^***	0.3630	0.2760^*	0.3240^*	0.2570^*
lnlabour	0.3420^***	1.2050^**	1.4240^***	1.3610^***	2.0600^***
lnintrms	0.2010	−0.1220^***	−0.1050^***	−0.1280^***	0.0933
lnexrms			−0.0001^***
exrintr				−0.0000^**
inflintr					0.0011^***
Constant	0.8320	−0.5370	−5.1060^**	−4.1850^**	4.3540^*
Hausman	404.28^***	#	#	#	#
R_2	0.9593	#	#	#	#
Within R_2	#	0.4034	0.6281	0.5392	0.5388
Observations	91	91	91	91	91

lnind	DK-OLS	FE(1)	FE(2)	FE(3)	FE(4)
intr	−0.0368^*	−0.0130	0.0085	0.0091	−0.1990^***
lnexr	−0.1560^***	0.0930	−0.0228	−0.1060	0.1720
lninfl	0.0076	−0.5130^**	0.0605	0.0682	−3.8950^***
lnms	−0.3990	−0.5690^**	−0.3010^**	−0.4720^***	−0.8770^***
msgr	0.0040^*	0.0027^**	0.0018^***	0.0024^***	0.0043^**
lncapital	0.7760^***	0.3630	0.2760^*	0.3240^*	0.2570^*
lnlabour	0.3420^***	1.2050^**	1.4240^***	1.3610^***	2.0600^***
lnintrms	0.2010	−0.1220^***	−0.1050^***	−0.1280^***	0.0933
lnexrms			−0.0001^***
exrintr				−0.0000^**
inflintr					0.0011^***
Constant	0.8320	−0.5370	−5.1060^**	−4.1850^**	4.3540^*
Hausman	404.28^***	#	#	#	#
R_2	0.9593	#	#	#	#
Within R_2	#	0.4034	0.6281	0.5392	0.5388
Observations	91	91	91	91	91

Note(s): FE is fixed-effects. # means no data. ^*, ^**, ^*** mean significant at 10%, 5%, and 1% respectively

Source(s): Authors