Table 11 Barro regression including TSL

Variable

Coefficient

Std. error

Probability

Coefficient

Std. error

Probability

Constant

0.292172

0.103209

0.0054

0.291167

0.103595

0.0059

LNRGDP0

− 0.039826

0.013108

0.0029

− 0.035637

0.013751

0.0109

LNRGDP0^2

0.001612

0.000499

0.0016

0.001463

0.000519

0.0057

LNSCH

− 0.012931

0.009827

0.1906

− 0.020727

0.009323

0.0283

POPG

0.053776

0.121449

0.6587

0.172883

0.100475

0.0882

CGNWY

− 0.247260

0.070307

0.0006

− 0.277089

0.065104

0.0000

IY

− 0.033750

0.053609

0.5301

− 0.048960

0.049251

0.3224

XY

0.015889

0.012339

0.2002

0.015728

0.012605

0.2148

TSL

0.019319

0.008500

0.0247

0.015058

0.008291

0.0721

Adjusted R-squared

0.293549

0.357271

No. of obs.

136

117