Variables;"FDI (% of GDP)";; "Difference GMM two-step robust";"System GMM two-step robust";"xtabond2 two-step robust" "GDP per capita growth (annual %)";"0.0913 (0.0671)";"0.205 (0.153)";"0.381*** (0.147)" "Trade (% of GDP)";"0.0564 (0.0548)";"0.0268 (0.0832)";"0.0672*** (0.0158)" Inflation;"–0.0106 (0.0201)";"0.0250 (0.0271)";"–0.0372 (0.0383)" "Mobile cellular subscriptions (per 100 people)";"–0.00691 (0.0176)";"0.00442 (0.0245)";"–0.000940 (0.00924)" "Household final consumption expenditure";"–0.00488 (0.0471)";"0.198 (0.159)";"0.0672** (0.0320)" "Labor force participation rate";"–0.0310 (0.167)";"0.240 (0.200)";"–0.0268 (0.0501)" EMPI;"–0.0674 (0.0446)";"–0.124* (0.0677)";"1.231** (0.537)" Constant;"1.467 (12.32)";"–29.17*** (10.94)";"–4.195 (3.612)" Observations;553;625;693 "Number of groups";71;71;71 "Number of instruments";44;52;51 "Wald Chi2";"Wald chi2(8) = 37.11 Prob > chi2 = 0.0000";"Wald chi2(8) = 287.6 Prob > chi2 = 0.0000";"Wald chi2(7) = 41.79 Prob > chi2 = 0.0000" "Arellano–Bond test for autocorrelation in first differences";"AR(1): z = –1.1125 Pr > z = 0.2659 AR(2): z = –1.455 Pr > z = 0.1457";"AR(1): z = –1.3809 Pr > z = 0.1673 AR(2): z = –1.4245 Pr > z = 0.1543";"AR(1): z = –1.60 Pr > z = 0.109 AR(2): z = –1.56 Pr > z = 0.120" "Hansen J-test";–;–;"Chi2(43) = 51.77 Prob > chi2 = 0.169"