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Table 4 Baseline model plus country controls: regression estimates

From: Real exchange rate and manufacturing growth in Latin America

  (1) (2)
Ln initial production per capita −0.110*** (0.0208) −0.114*** (0.0225)
Ln underval 0.0840*** (0.0280) 0.0792** (0.0326)
LA× underval 0.0869** (0.0338) 0.0962*** (0.0364)
Ln RGDPCH 0.358*** (0.0437) 0.290*** (0.0472)
Ln Openk (openness in constant prices)   −0.0367*** (0.0121)
Ln Kc (consumption share of real GDP)   0.0125 (0.0282)
Ln Ki (Investment share of real GDP)   0.0857*** (0.0162)
Sector–country FE Yes Yes
Year FE Yes Yes
Observations 9,552 9,552
  1. Robust standard errors in parentheses
  2. * p < 0.10, ** p < 0.05, *** p < 0.01