Provide a brief interpretation and analysis of the results of the regression for the given table.
determinant of Economic growth
|
(1) |
(2) |
|
|
VARIABLES |
Economic growth |
Economic growth |
|
Investment |
-0.00491 |
0.00193 |
|
(0.0273) |
(0.0272) |
|
|
Govt_Expenditure |
-0.0934* |
-0.0879 |
|
(0.0538) |
(0.0538) |
|
|
Trade |
0.0173** |
|
|
(0.00732) |
||
|
Inflation |
0.00580 |
0.00550 |
|
(0.0142) |
(0.0143) |
|
|
FDI |
0.114*** |
0.131*** |
|
(0.0382) |
(0.0377) |
|
|
Population |
5.20e-09*** |
4.41e-09*** |
|
(1.43e-09) |
(1.39e-09) |
|
|
Natural_Resources |
0.113*** |
0.115*** |
|
(0.0196) |
(0.0196) |
|
|
Constant |
2.247* |
3.428*** |
|
(1.326) |
(1.230) |
|
|
Observations |
672 |
672 |
|
Number of Country_ID |
43 |
43 |
Standard errors in parentheses
*** p<0.01, ** p<0.05, * p<0.1
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