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Table 2 GDP per capita growth models with commodity boom and LAC dummy variables

From: Does the commodities boom support the export led growth hypothesis? Evidence from Latin American countries

Variables Model 1 Model 2
Constant −0.925131 −1.092738
Capital formation 0.117678*** 0.131329***
Export growth 0.191744*** 0.182029***
Trade partner growth 0.039590** −0.009106
GDP 1990 0.128278 0.120940*
Boom comm. period dummy   0.311355
LAC × boom   0.120653
Capital formation × boom   −0.034052
Export growth × boom   0.032670
Trade partner growth × boom   0.069926***
Capital formation × LAC × boom   0.014045
Export growth × LAC × boom   0.023272
Trade partner growth × LAC × boom   −0.009656
D export growth −0.070381*** −0.071610***
D export growth T + 1 0.011529 0.015441
D export growth T − 1 −0.049450*** −0.047712***
R 2 0.449815 0.468630
Adjusted R 2 0.447580 0.463982
Log likelihood −4313.826 −4283.711
F-statistic 201.2395 100.8336
Prob (F-statistic) 0.000000 0.000000
Akaike info criterion 4.993444 4.967892
Schwarz criterion 5.018661 5.018327
Hannan-Quinn criter. 5.002771 4.986547
Durbin-Watson stat 1.233084 1.241018
  1. ***, **, * Mean statistical significance at 1, 5 and 10 %