Table 4 GLS Regression result

Sharek

0.124

0.0362

0.0590

(0.172)

(0.0861)

(0.107)

Debts

− 0.888***

− 0.469**

− 0.448**

(0.299)

(0.213)

(0.227)

RER

0.213***

0.309***

0.332***

(0.0707)

(0.0607)

(0.0621)

Grants

− 1.093

− 0.911**

− 0.981*

(0.867)

(0.451)

(0.517)

Loanstodeposit

0.0995**

0.101*

(0.0451)

(0.0524)

Age

0.170***

0.179***

(0.0349)

(0.0349)

Members

0.00417

0.00188

(0.0218)

(0.0251)

Crisis

0.0191

(0.0188)

Constant

1.611***

0.610**

0.563*

(0.307)

(0.294)

(0.321)

Observations

105

105

105

Number of unit

15

15

15

chi2

66.19

191.8

281.0

Prob > chi2

0.000

0.000

0.000