Table 8 SOLS and DOLS estimation results
From: Does financial repression inhibit or facilitate private investment? The case of Ethiopia
Variable | SOLS | DOLS | DOLS | DOLS | DOLS | ECM |
|---|---|---|---|---|---|---|
Coef. (SE) | Coef. (SE) | Coef. (SE) | Coef. (SE) | Coef. (SE) | Coef. (SE) | |
Lngdpc | 3.508** (1.276) | 3.508** (1.707) | Â | 5.32*** (1.765) | 4.270** (1.677) | Â |
OPEN |  − 0.154*** (0.054) |  − 0.154*** (0.070) |  − 0.199*** (0.066) |  − 0.249*** (0.068) |  − 0.273** (0.071) |  − 0.189** (0.072) |
FDI | 107.21 (68.70) | 107.21 (71.83) | 158.83** (69.37) | 218.67** (70.48) | 50.780** (66.998) | 1.060 (84.65) |
FRI |  − 4.076** (1.705) |  − 4.076 (2.554) |  − 5.513*** (1.761) |  − 8.789*** (1.348) |  |  − 4.983** (2.349) |
DCP | 0.066 (0.173) | 0.066 (0.205) | Â | Â | 0.304** (0.141) | Â |
Z | 10.583*** (2.085) | 10.58*** (3.336) | 12.51*** (3.072) | Â | 14.298*** (2.259) | 7.00** (3.178) |
GI | 0.388 (0.500) | 0.388 (0.633) | 0.800 (0.618) | 0.557 (0.702) | 0.265 (0.524) | 2.207** (0.996) |
Inflation |  − 0.112** (0.042) |  − 0.112** (0.051) |  − 0.091* (0.051) |  − 0.117** (0.057) |  − 0.119*** (0.043) |  − 0.047 (0.045) |
Error * |  |  |  |  |  |  − 826*** (0.179) |
_cons |  − 14.259 (9.103) |  − 14.259 (11.40) | 1.082 (7.40) |  − 30.34*** (8.979) |  − 19.465** (9.117) | 0.369 (0.639) |
No. of obs | 41 | 41 | 41 | 41 | 41 | 40 |
R2 | 0.92 | 0.90 | 0.90 | 0.88 | 0.90 | 0.61 |