(1)

GIE

DE

−3.058***

(0.765)

DE2

4.572*

(2.307)

DE × RD

−133.085*

(64.517)

DE2 × RD

241.198**

(104.339)

RD

−15.110*

(7.037)

IS

0.044

(0.117)

G

−0.047

(0.199)

FDI

3.901***

(0.850)

MAR

0.021

(0.017)

_cons

1.276

(2.220)

N

300.000

r2

0.794

id

Yes

year

Yes