Table 5 Panel long run estimators FMOLS... | Emerald Publishing

Table 5

Panel long run estimators

	FMOLS				DOLS
Variable	Coeff	Std error	Coeff	Std error	Coeff	Std error	Coeff	Std error
Cross			0.021*	0.006			0.072*	0.013
TOR	0.102***	0.017			0.101***	0.024
GoR	0.029*	0.028			0.076**	0.041
PCY	0.646***	0.088	0.777***	0.112	0.442***	0.159	0.474***	0.169
POP	1.37***	0.356	1.749***	0.476	2.936***	0.849	3.726***	0.881
TRADE	−0.018	0.059	−0.149*	0.075	−0.006	0.106	−0.125	0.113
INF	−0.027	0.017	0.001	0.023	0.004	0.031	−0.003	0.035

	FMOLS				DOLS
Variable	Coeff	Std error	Coeff	Std error	Coeff	Std error	Coeff	Std error
Cross			0.021*	0.006			0.072*	0.013
TOR	0.102***	0.017			0.101***	0.024
GoR	0.029*	0.028			0.076**	0.041
PCY	0.646***	0.088	0.777***	0.112	0.442***	0.159	0.474***	0.169
POP	1.37***	0.356	1.749***	0.476	2.936***	0.849	3.726***	0.881
TRADE	−0.018	0.059	−0.149*	0.075	−0.006	0.106	−0.125	0.113
INF	−0.027	0.017	0.001	0.023	0.004	0.031	−0.003	0.035

Note(s): *p < 0.10, **p < 0.05, ***p < 0.01

Source(s): Authors calculation