Table 10.

Regression statistics for the economic growth regressions

PoolDepend.R2F-statF-probDWCoefficients
Const.INDEPEND.TIME
GDPMVA0.999013,1690.00001.8432−2,688−0.0684 (0.01) **1.0439 (0.04) **
MTB0.999013,1570.00001.8427−2,689−0.0361 (0.07) *1.0439 (0.04) **
Qratio0.999013,1670.00001.8428−2,689−0.0472 (0.02) **1.0439 (0.04) **
ROEKE0.999013,3300.00001.8594−2,991−0.1052 (0.17)1.0416 (0.03) **
GOSMVA0.99694,3670.00001.8739−4,868−0.0479 (0.00) ***1.0156 (0.00) ***
MTB0.99694,3640.00001.8745−4,873−0.0296 (0.02) **1.0156 (0.00) ***
Qratio0.99694,3660.00001.8734−4,869−0.0328 (0.01) ***1.0156 (0.00) ***
Roeke0.99704,1630.00001.8469−5,0460.0154 (0.73)1.0151 (0.00) ***
GFCFMVA0.97385160.00001.61112,642−0.0317 (0.24)
MTB0.97385160.00001.60992,641−0.0256 (0.39)
Qratio0.97385160.00001.61072,642−0.0180 (0.36)
ROEKE0.97394770.00001.62512,095−0.0916 (0.06) *

Notes:

*, ** and ***Significant, respectively, at the 10, 5 and 1% levels

Source: Own calculations

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