1

2

3

4

5

6

7

8

GDP

1.037856***

1.051435***

1.050420***

1.055241***

1.027918***

1.049852***

1.051713***

1.043964***

CHGDP

2.764753

2.797500

2.770842

2.770994

2.804601

2.801673

2.807388

2.770245

PGDP

0.013471

0.002701

0.005285

−0.000922

0.036169

0.000970

0.002373

0.008808

CHPGDP

−2.311891

−2.348690

−2.320677

−2.320573

−2.359630

−2.352059

−2.358583

−2.319990

CD

−0.110763***

IDV

0.015569

−0.001814

IND

−0.058722

−0.006977

LTO

0.086357**

0.113658**

MAS

0.101838

0.135075

PDI

−0.054894

0.001727

UAI

−0.085643

−0.113089*

R-squared

0.890732

0.885876

0.886636

0.888697

0.884925

0.886297

0.886912

0.891577