Table 3 GDP per capita growth models with commodity boom and Latin American dummies and breakdown of commodity exports

Constant

0.5207

0.2199

0.3791

1.3822*

0.3157 

Capital formation

0.1238***

0.1226***

0.1239***

0.1231***

0.1251***

Export growth

0.1493***

0.1515***

0.1520***

0.1446***

0.1391***

Trade partner growth

−0.0061

−0.0055

−0.0078

−0.0035

−0.0077

GDP 1990

0.0092

0.0157 

0.0251 

−0.0681 

−0.1237*

Boom comm. period dummy

−0.0395

0.1728

−0.1946

0.1026

0.2171

LAC × boom

−0.3265

0.3340

−0.2970

0.1358

0.8854

Capital formation × boom

−0.0228

−0.0220

−0.0251

−0.0243

−0.0232

Export growth × boom

0.0433**

0.0420**

0.0432**

0.0426**

0.0389**

Trade partner growth × boom

0.0599***

0.0594***

0.0610***

0.0572***

0.0606***

Capital formation × LAC × boom

0.0078

0.0076

0.0086

0.0085

0.0075

Export growth × LAC × boom

0.0272

0.0317

0.0320

0.0363

0.0351

Trade partner growth × LAC × boom

0.0009

−0.0046

−0.0010

−0.0054

0.0006

DEXPO_?

−0.0533***

−0.0534***

−0.0548***

−0.0506***

−0.0482***

DEXPO_?(1)

0.0114

0.0127

0.0120

0.0106

0.0077

DEXPO_?(−1)

−0.0307***

−0.0303***

−0.0311***

−0.0289***

−0.0277***

Ore and mineral exports

−0.0297***

Ore and mineral exports × boom

0.0095

Ore and mineral exports × boom × LAC

0.0276**

Agricultural raw mat. exports

0.0080

Agricultural raw mat. exports × boom

−0.0283**

Agricultural raw mat. exports × boom × LAC

−0.1437**

Fuel exports

−0.0159***

Fuel exports × boom

0.0179***

Fuel exports × boom × LAC

0.0085

Food exports

−0.0180***

Food exports × boom

−0.0110*

Food exports × boom × LAC

−0.0003

Manufactured exports

0.0220***

Manufactured exports × boom

−0.0043

Manufactured exports × boom × LAC

−0.0194***

R ²

0.4596

0.4568

0.4600

0.4656

0.4716

Adjusted R ²

0.4535

0.4507

0.4539

0.4594

0.4656

Log likelihood

−3856

−3868

−3843

−3855

−3846

F-statistic

74.79

74.15

74.77

76.79

78.69

Prob (F-statistic)

0.0000

0.0000

0.0000

0.0000

0.0000

Akaike info criterion

4.8383

4.8410

4.8312

4.8249

4.8134

Schwarz criterion

4.9021

4.9046

4.8950

4.8885

4.8771

Hannan-Quinn criter.

4.8619

4.8646

4.8549

4.8485

4.8370

Durbin-Watson stat

1.2698

1.2537

1.2679

1.2744

1.2968