Professional Documents
Culture Documents
-1.88
1.60
-1.87
0.08
0.09
-0.05
-0.09
-0.10
-0.01
0.00 0.00
Real policy rate -0.20
-0.18
-0.14
0.15
0.02 0.04
Output gap 0.05
0.01
0.02 0.04
Investment growth 0.01
0.00
Past ination 0.02
0.01
0.01 0.00
Debt/gdp ratio 0.02
0.03
0.01 0.02
Democracy -0.08
0.08
Durability -0.01
-0.06
0.00 0.03
Corruption -0.10
0.03
Dummy development 0.65
0.17
Log likelihood -326.38 -124.71 -6.52 -69.72
pseudo R
2
20.66 31.58 92.88 19.85
-2.48
0.32 0.40
Food (-1) 0.09
0.01
0.01 0.00
Exchange rate regime (-1) -0.07
-0.04
0.00 0.02
Trade openness (-1) -0.01
0.00
Real policy rate (-1) -0.31
0.01
Global ination (-1) 0.08
0.02
investment growth (-1) 0.01
0.00
democracy (-1) 0.18
0.13
0.09 0.06
current account balance (-1) -0.03
0.02
dummy development 0.70
0.10
log likelihood -85.96 -268.59
pseudo R2 0.67 0.49