Table 9.

Regression results

Dependent variable(21)
Inclusive growthIndex
IGI(−1)_B1.0834*** (0.0400)
CPI_B2.8811* (1.5033)
CONSTANT_D−0.2615 (0.2260)
IGI (−1)_D−0.0976 (0.0879)
CPI_D−2.7885* (1.5039)
R0.1069*** (0.0105)
Observations28
Bootstrap p-value for linearity test0.0000

Notes:

Levels of significance: (***) 1 and (*) 10%. Standard errors are in parenthesis. See methodology section for the definitions of variables

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