(1)

(2)

(3)

thel

ais3

sti2

segaz

0.466**

−0.389**

−14.059***

(0.217)

(0.186)

(5.261)

gov

0.000

0.000

0.000

(.)

(.)

(.)

fdi

0.000

0.000

0.000

(.)

(.)

(.)

pgdp

0.086

−0.548***

−0.600

(0.090)

(0.077)

(2.190)

edu

−0.324***

−0.159***

−1.584

(0.047)

(0.040)

(1.132)

fis

0.001

0.001

0.087

(0.003)

(0.002)

(0.068)

_cons

1.241*

6.689***

14.518

(0.736)

(0.630)

(17.852)

N

390.000

390.000

390.000

r2

0.297

0.489

0.405

r2_a

0.205

0.422

0.327

id

YES

YES

YES

year

YES

YES

YES