From: Migrant’s remittance and investment financing nexus in Africa: Does investment climate matter?
Variables | At level | First difference | ||||
---|---|---|---|---|---|---|
Statistic | Prob.** | Level of Int | Statistic | Prob.** | Level of Int | |
INV | − 4.780 | 0.000 | I (0) | – | – | – |
REM | 0.295 | 0.616 | I (0) | − 7.118 | 0.000 | I (1) |
GOVSIZE | − 1.716 | 0.043 | I (0) | – | – | – |
OPENMAK | − 2.924 | 0.002 | I (0) | – | – | – |
REGEFF | − 3.326 | 0.0004 | I (0) | – | – | – |
RULAW | − 12.657 | 0.000 | I (0) | – | – | – |
CRED | − 0.643 | 0.260 | I (0) | – | – | – |
INTR | 0.285 | 0.612 | I (0) | – | – | – |
GROWTH | − 5.084 | 0.000 | I (0) | – | – | – |
TRAD | − 10.732 | 0.000 | I (0) | – | – | – |