https://orcid.org/0000-0002-9477-9822
Figures & data
Table 1. Summary of model variables, expected signs, and data sources.
Table 2. Results of the augmented Dickey–Fuller stationarity test.
Table 3. Results of the Phillip–Perron stationarity test.
Table 4. Bounds F-test results for the model.
Table 5. Model results—long run level regression.
Table 6. Stepwise regression results.
Table 7. Wald test results.
Table 8. Short run regression results.
Data availability statement
The data that support the findings of this study are openly available at https://databank.worldbank.org and https://data.imf.org.