Determinants of Non-Oil Real GDP Growth, 1981–971
Estimates are in logarithms. Numbers in parentheses are t-statistics. The dependent variable is the real growth rate of non-oil GDP; the independent variables are defined as follows:
Augmented Dickey-Fuller test for stationarity of residuals. All ADF tests include a constant. The appropriate lag length was determined based on an F-test. Asterisks indicate cointegration at a 99 percent degree of confidence.