Table 6 FMOLS and DOLS estimation.
Categories | FMOLS | DOLS |
---|---|---|
Emerging economies | ||
NRR | 0.003*** | 0.001 |
FI | −0.018 | −0.024** |
FDI | 0.016 | 0.010 |
VA | 0.208*** | 0.217*** |
PS | −0.075 | −0.095*** |
GE | −0.151 | −0.111** |
RQ | 0.239 | 0.202*** |
RL | −0.129* | −0.129* |
CC | −0.016 | −0.001 |
Developed economies | ||
NRR | 0.035*** | 0.025** |
FI | −0.007 | −0.007 |
FDI | 0.001 | 0.001 |
VA | 0.206*** | 0.219** |
PS | 0.036 | 0.034 |
GE | 0.033 | 0.078 |
RQ | 0.020 | 0.004 |
RL | 0.129* | 0.084 |
CC | −0.009 | 0.018 |
All economies | ||
NRR | 0.015*** | 0.012*** |
FI | −0.007 | −0.011* |
FDI | 0.006* | 0.003 |
VA | 0.210*** | 0.230*** |
PS | −0.026 | −0.048** |
GE | −0.044 | −0.057 |
RQ | 0.069* | 0.077* |
RL | 0.005 | −0.015 |
CC | −0.012 | 0.001 |