Table 3. Fixed effect model of the impact of EG on AVA in developing countries.

Variable	Coefficient	Std. Error	t-Statistic	Prob.
C	5.0322(*)	0.6990	7.1991	0.0000
Log (Exchange Rate)	-.0686	0.0461	-1.4881	0.1383
Log (FDI Inflow)	.0936(*)	0.0240	3.9062	0.0001
Log (Agric. Export)	.6368(*)	0.0465	13.6854	0.0000
Log (Agric. Import Duty)	-.0761	0.1214	-0.6269	0.5314
Log (Fertilizer Import)	-.0761	0.0498	-1.5290	0.1278
Adjusted R-squared	0.9847	Durbin-Watson stat		0.7010
Sum squared resid	5.3462	Prob(F-statistic)		0.0000(*)

Source: Secondary data analysis (2021).

^(*) statistically significant at 0.01 level of error.