VARIABLES | (1) | (2) | (3) | (4) | (5) | (6) |
---|---|---|---|---|---|---|
ln PHEit-1 | 0.705*** | 0.722*** | 0.669*** | 0.733*** | 0.725*** | 0.746*** |
(0.032) | (0.032) | (0.034) | (0.031) | (0.030) | (0.030) | |
ln TRit | 0.112*** | Â | Â | Â | 0.141*** | Â |
(0.034) | Â | Â | Â | (0.032) | Â | |
ln DTit | Â | 0.025* | Â | Â | Â | 0.017 |
 | (0.013) |  |  |  | (0.013) | |
ln ITit |  | −0.012 |  |  |  | 0.012 |
 | (0.018) |  |  |  | (0.018) | |
FBit |  |  | −0.005*** |  | −0.005*** | −0.004*** |
 |  | (0.001) |  | (0.001) | (0.001) | |
ln DEBTit |  |  |  | −0.020* | −0.032*** | −0.025** |
 |  |  | (0.010) | (0.009) | (0.010) | |
ln PCGDPit | −0.003 | 0.0005 | 0.030* | −9.37e-05 | −0.025 | −0.010 |
(0.016) | (0.016) | (0.015) | (0.017) | (0.016) | (0.016) | |
ln AGINGit | 0.021 | 0.026 | 0.092** | 0.043 | 0.049 | 0.036 |
(0.043) | (0.042) | (0.046) | (0.044) | (0.037) | (0.040) | |
ln IMRit | −0.094*** | −0.097*** | −0.015 | −0.067* | − 0.082*** | −0.065** |
(0.035) | (0.034) | (0.035) | (0.035) | (0.030) | (0.030) | |
Constant | 0.307 | 0.540** | 0.022 | 0.482* | 0.341 | 0.468** |
(0.250) | (0.257) | (0.265) | (0.274) | (0.231) | (0.235) | |
AB test AR(2) (p -level) | 0.576 | 0.549 | 0.699 | 0.575 | 0.659 | 0.729 |
Sargan test (p -level) | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 |
Observations | 37 | 37 | 37 | 37 | 37 | 37 |
No. of Country | 405 | 405 | 405 | 405 | 405 | 405 |