Table 2 Cross-sectional dependence test.

Aggrt. Panel

Northern Africa

Central Africa

HLTH

78.740***

2893.85***

2.580**

8.430***

13.240***

55.490***

FDS

35.770***

2302.8***

6.600***

13.760***

9.300***

14.280***

CLM

47.300***

2280.16***

6.490***

14.230***

6.100***

22.130***

GDP

36.740***

1924.58***

4.800***

9.700***

5.720***

29.750***

GHEXP

13.090***

1206.3***

2.630**

4.340***

3.810***

14.910***

Eastern Africa

Western Africa

Southern Africa

HLTH

10.310***

90.390***

31.370***

391.350***

23.190***

174.67***

FDS

14.550***

74.560***

22.960***

328.840***

1.780*

115.44***

CLM

12.150***

75.450***

32.700***

355.700***

9.450***

93.760***

GDP

16.070***

82.770***

17.390***

235.310***

10.370***

94.160***

GHEXP

11.540***

34.820***

5.530***

158.120***

5.660***

75.340***