Table 6 Driscoll-Kraay-multidimensional...

Table 6

Driscoll-Kraay-multidimensional estimated result

DV	HEDEV		HIDEV		HLDEV
DV	(23)	(24)	(25)	(26)	(27)	(28)
L.DV	0.2162 (0.126)	0.202 (0.128)	0.111** (0.046)	0.106** (0.047)	0.818*** (0.027)	0.820*** (0.028)
DINV	0.0005 (0.001)	0.0002 (0.001)	0.0044 (0.003)	0.0022 (0.002)	0.0005 (0.0004)	0.0007* (0.004)
XDBT	−0.0065** (0.002)	−0.0058** (0.002)	−0.018*** (0.004)	−0.018*** (0.004)	−0.0019** (0.001)	−0.0019** (0.001)
FDI		−0.318** (0.130)		0.150** (0.064)
OPEN		0.0092 (0.009)		0.033*** (0.004)		−0.002*** (0.001)
FINDEV				0.0009 (0.001)		−0.0001 (0.001)
constant	0.158*** (0.003)	8.190** (3.352)	0.004*** (0.001)	−3.847** (1.647)	0.003*** (0.001)	0.003*** (0.001)
F-stat /	12.39 [0.00]	9.81 [0.00]	3.51 [0.00]	17.74 (0.00)	861.08 [0.00]	556.27 [0.00]
No. obs	748	748	748	748	748	748

DV	HEDEV		HIDEV		HLDEV
DV	(23)	(24)	(25)	(26)	(27)	(28)
L.DV	0.2162 (0.126)	0.202 (0.128)	0.111** (0.046)	0.106** (0.047)	0.818*** (0.027)	0.820*** (0.028)
DINV	0.0005 (0.001)	0.0002 (0.001)	0.0044 (0.003)	0.0022 (0.002)	0.0005 (0.0004)	0.0007* (0.004)
XDBT	−0.0065** (0.002)	−0.0058** (0.002)	−0.018*** (0.004)	−0.018*** (0.004)	−0.0019** (0.001)	−0.0019** (0.001)
FDI		−0.318** (0.130)		0.150** (0.064)
OPEN		0.0092 (0.009)		0.033*** (0.004)		−0.002*** (0.001)
FINDEV				0.0009 (0.001)		−0.0001 (0.001)
constant	0.158*** (0.003)	8.190** (3.352)	0.004*** (0.001)	−3.847** (1.647)	0.003*** (0.001)	0.003*** (0.001)
F-stat /	12.39 [0.00]	9.81 [0.00]	3.51 [0.00]	17.74 (0.00)	861.08 [0.00]	556.27 [0.00]
No. obs	748	748	748	748	748	748

Note(s): ^{***, **}and ^* are the respective significant level at 1, 5 and 10%. F-stat, is the Fisher statistics, [ ] are p-values and ( ) are the standard errors and DV is the dependent variable

Source(s): Authors' computation from STATA 17

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