Regression results
| Dependent variable inclusive growth | (17) | (18) | (19) | (20) |
|---|---|---|---|---|
| Central Africa | Eastern Africa | Southern Africa | Western Africa | |
| IGI(−1) | 0.6527*** (0.1354) | 0.3255*** (0.0854) | 0.5152*** (0.0934) | 0.7363*** (0.0474) |
| DGN | 0.5647*** (0.1415) | 0.1630*** (0.0277) | 0.3397*** (0.0951) | 0.1222*** (0.0341) |
| FDI | −2.7958** (1.2538) | 0.4641 (1.2487) | 2.6867** (1.0863) | −0.6904 (0.9537) |
| CPI | 0.4476** (0.1953) | 0.2506** (0.1102) | 0.6603*** (0.0515) | 0.9759* (0.5300) |
| GQ | 1.2767*** (0.3387) | 0.9879*** (0.1926) | 0.9628** (0.4300) | 0.6252*** (0.2312) |
| DFSP | −0.04234*** (0.0147) | −0.009404* (0.0053) | −0.08630***(0.0313) | −0.03985***(0.0117) |
| CONSTANT | 2.6921*** (0.9737) | 0.3527* (0.1914) | 2.4880*** (0.6870) | 0.4518* (0.2575) |
| Observations | 120 | 140 | 120 | 180 |
| Prob > Chi2 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| AR(1) | 0.0083 | 0.0243 | 0.0060 | 0.0297 |
| AR(2) | 0.6924 | 0.7869 | 0.2851 | 0.7941 |
| Sargan (p-value) | 0.9994 | 1.0000 | 0.9994 | 1.0000 |
| Dependent variable | (17) | (18) | (19) | (20) |
|---|---|---|---|---|
| Central Africa | Eastern Africa | Southern Africa | Western Africa | |
| IGI(−1) | 0.6527 | 0.3255 | 0.5152 | 0.7363 |
| DGN | 0.5647 | 0.1630 | 0.3397 | 0.1222 |
| FDI | −2.7958 | 0.4641 (1.2487) | 2.6867 | −0.6904 (0.9537) |
| CPI | 0.4476 | 0.2506 | 0.6603 | 0.9759 |
| GQ | 1.2767 | 0.9879 | 0.9628 | 0.6252 |
| DFSP | −0.04234 | −0.009404 | −0.08630 | −0.03985 |
| CONSTANT | 2.6921 | 0.3527 | 2.4880 | 0.4518 |
| 120 | 140 | 120 | 180 | |
| 0.0000 | 0.0000 | 0.0000 | 0.0000 | |
| 0.0083 | 0.0243 | 0.0060 | 0.0297 | |
| 0.6924 | 0.7869 | 0.2851 | 0.7941 | |
| 0.9994 | 1.0000 | 0.9994 | 1.0000 |
Notes:
Levels of significance: (***) 1%, (**) 5% and (*) 10%. Standard errors are in parenthesis. See methodology section for the definitions of variables
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