Table 8.
AMG (GDP_PC as dependent variable).
| Variables | Overall | India | Pakistan | Nepal | Sri Lanka | Bangladesh |
|---|---|---|---|---|---|---|
| BIOCAPit | 23.4581∗∗ | 10.8717 | 39.8318∗∗ | 31.7055 | 29.5484 | 3.6430 |
| EFPCit | -0.0017 | 13.6811 | -24.1836∗∗ | -5.8250 | -0.0497 | 14.5567 |
| EUSEit | -0.0029 | -0.0488 | -0.0323 | 0.0072 | 0.0900∗∗∗ | -0.0024 |
| FDIit | 20.6357 | 3.8915 | 11.7595∗∗ | 42.3400 | 60.7477∗∗∗ | -13.8338∗ |
| GINIit | 0.1106 | -0.1352 | 0.1977 | 0.0274 | 0.5233∗∗∗ | 0.0784 |
| HDIit | 59.1689 | 171.3765∗∗∗ | 165.498∗∗∗ | 53.5698 | -107.8135∗∗ | 6.2727 |
| TOit | -0.0627 | -0.0883 | -0.1799 | 0.0733 | -0.2007∗∗∗ | 0.0874∗ |
Note: ‘∗’, ‘∗∗’, ‘∗∗∗’ signify 90%, 95% and 99% level of statistical significance, respectively.