| (1) | (1) | (1) | (1) | (1) |
VARIABLES | Growth | pGDP | gap | poor | SO2 |
ER | −0.0274*** | −0.0125 | 0.0442** | −0.116 | −0.612 |
| (0.00418) | (0.0623) | (0.0216) | (0.471) | (1.461) |
FDIGDP | 0.152 | −30.60* | −4.468 | 93.88 | 1,321*** |
| (1.065) | (15.89) | (5.517) | (120.2) | (372.6) |
proad | 0.000932*** | 0.0206*** | −0.00523*** | −0.0999** | −0.532*** |
| (0.000350) | (0.00523) | (0.00182) | (0.0395) | (0.123) |
RD | 0.0571*** | 2.000*** | −0.377*** | −8.633*** | −30.33*** |
| (0.0179) | (0.267) | (0.0927) | (2.021) | (6.264) |
govGDP | 0.00426 | −0.0438 | −0.0456 | −0.534 | −5.765 |
| (0.0201) | (0.300) | (0.104) | (2.270) | (7.036) |
Constant | 0.204*** | 0.791 | 3.564*** | 24.95*** | 103.1*** |
| (0.0337) | (0.503) | (0.174) | (3.801) | (11.78) |
Observations | 99 | 99 | 99 | 99 | 99 |
R-squared | 0.344 | 0.423 | 0.217 | 0.214 | 0.389 |