| (1) | (2) | (3) | (4) | (1) |
VARIABLES | Growth | pGDP | gap | poor | SO2 |
ER | −0.0419*** | 0.501 | −0.0489*** | −0.256*** | −2.826* |
| (0.00740) | (0.385) | (0.00858) | (0.0785) | (1.472) |
FDIGDP | −2.907*** | −46.42 | −0.635 | 7.025 | 569.3*** |
| (0.739) | (38.39) | (0.857) | (7.837) | (147.0) |
proad | −0.0206*** | −0.150 | 0.0129*** | −0.0602 | 0.995 |
| (0.00376) | (0.196) | (0.00437) | (0.0399) | (0.749) |
RD | 0.0676*** | 1.368 | 0.00533 | −1.321*** | −10.32** |
| (0.0200) | (1.039) | (0.0232) | (0.212) | (3.976) |
govGDP | 1.274*** | −7.804 | −0.663* | 3.819 | −424.5*** |
| (0.298) | (15.47) | (0.345) | (3.158) | (59.22) |
Constant | 0.787*** | 7.481 | 2.604*** | 6.746*** | 131.0*** |
| (0.130) | (6.747) | (0.151) | (1.377) | (25.83) |
Observations | 121 | 121 | 121 | 121 | 121 |
R-squared | 0.690 | 0.102 | 0.324 | 0.423 | 0.401 |