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

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