Table 4 Baseline model plus country controls: regression estimates
From: Real exchange rate and manufacturing growth in Latin America
| Â | (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) | Â | 0.0125 (0.0282) |
Ln Ki (Investment share of real GDP) | Â | 0.0857*** (0.0162) |
Sector–country FE | Yes | Yes |
Year FE | Yes | Yes |
Observations | 9,552 | 9,552 |