Table 10 GIE’s long-term effect in adjacent regions.
VARIABLES | GIE | ||||
---|---|---|---|---|---|
(1) Lag 1 year | (2) Lag 2 years | (3) Lag 3 years | (4) Lag 4 years | (5) Lag 5 years | |
WDI | −2.710** | −1.903 | −1.414 | 2.505 | 4.659** |
(−2.09) | (−1.35) | (−0.88) | (1.50) | (2.40) | |
Control Variables | YES | YES | YES | YES | YES |
ρ | 0.580*** | 0.511*** | 0.418*** | 0.052 | 0.056 |
(5.62) | (4.23) | (2.93) | (0.23) | (0.22) | |
N | 1967 | 1686 | 1405 | 1124 | 843 |
R2 | 0.197 | 0.242 | 0.063 | 0.003 | 0.020 |