Regression Anyalysis

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Table 3 : Economic Growth

(1)

(2)

VARIABLES

Economic_growth

Economic_growth

Investment

0.0489

0.0586*

(0.0311)

(0.0309)

Govt_Expenditure

-0.144**

-0.130**

(0.0588)

(0.0587)

Trade

0.0176**

(0.00758)

Inflation

0.00549

0.00595

(0.0145)

(0.0146)

FDI

0.116***

0.130***

(0.0381)

(0.0378)

Population

4.52e-09***

3.72e-09***

(1.48e-09)

(1.44e-09)

Natural_Resources

0.126***

0.129***

(0.0202)

(0.0201)

Constant

1.530

2.501*

(1.410)

(1.351)

Observations

647

647

Number of Country_id

43

43

Standard errors in parentheses

*** p<0.01, ** p<0.05, * p<0.1