Eastern Africa | |||||||||
---|---|---|---|---|---|---|---|---|---|
OBB-Model | OBM-Model | OBF-Model OBF | |||||||
Variable | Estimates | Variable | Estimates | Variable | Estimates | ||||
Lag- OBB | 0.788*** | Lag- OBB | 0.767 *** | Lag- OBF | 0.789 *** | ||||
GDP | −0.569 *** | GDP | −0.552 *** | GDP | −0.494 *** | ||||
GDP2 | 0.274 *** | GDP2 | 0.271 *** | GDP2 | 0.238 *** | ||||
FPI | 0.146 *** | FPI | 0.139 *** | FPI | 0.148 *** | ||||
URB | −0.154 *** | URB | −0.157 *** | URB | −0.165*** | ||||
TRD | 0.067 *** | TRD | 0.087 *** | TRD | 0.066*** | ||||
OKC hyp | Not Validated | Not Validated | Not Validated | ||||||
AR [2] | −0.573 | −0.255 | −0.487 | ||||||
F-statistic | 64.790 *** | 117.37 *** | 49.270 *** | ||||||
Western region panel | |||||||||
OBB-Model | OBM-Model | OBF-Model OBF | |||||||
Variable | Estimates | Variable | Estimates | Variable | Estimates | ||||
Lag- OBEB | 0.836 *** | Lag- OBEB | 0.833 *** | Lag- OBEF | 0.834*** | ||||
GDP | 2.327 *** | GDP | 2.372 *** | GDP | 2.242 *** | ||||
GDP2 | −0.198 *** | GDP2 | −0.223*** | GDP2 | −0.185*** | ||||
FPI | 0.155 *** | FPI | 0.161 *** | FPI | 0.157 *** | ||||
URB | 0.103 *** | URB | −0.117 *** | URB | 0.106 *** | ||||
TRD | 0.055 *** | TRD | 0.068 *** | TRD | 0.052 *** | ||||
OKC hyp | Validated | Validated | Validated | ||||||
GDP peak-point level | 356.475 | 204.054 | 428.144 | ||||||
AR [2] | −0.236 | −0.231 | −0.227 | ||||||
F-statistic | 257.400 *** | 223.920 *** | 225.170 *** | ||||||
Central region panel | |||||||||
OBB-Model | OBM-Model | OBF-Model OBF | |||||||
Variable | Estimates | Variable | Estimates | Variable | Estimates | ||||
Lag- OBEB | 0.812 *** | Lag- OBEB | 0.805*** | Lag- OBEF | 0.817 *** | ||||
GDP | 1.268 *** | GDP | 1.381 *** | GDP | 1.243 *** | ||||
GDP2 | −0.116 *** | GDP2 | −0.109 *** | GDP2 | −0.105 *** | ||||
FPI | 0.147 *** | FPI | 0.134 *** | FPI | 0.189 *** | ||||
URB | −0.133 *** | URB | −0.173 *** | URB | −0.135 *** | ||||
TRD | 0.049 *** | TRD | 0.065 *** | TRD | 0.044 *** | ||||
OKC hyp | Valid | Valid | Valid | ||||||
GDP peak-point level | 236.398 | 563.892 | 372.372 | ||||||
AR [2] | −0.086 | −0.124 | −0.098 | ||||||
F-statistic | 101.930 *** | 109.530 *** | 103.550 *** | ||||||
Southern Africa | |||||||||
OBB-Model | OBM-Model | OBF-Model OBF | |||||||
Variable | Estimates | Variable | Estimates | Variable | Estimates | ||||
Lag- OBEB | 0.8000*** | Lag- OBEB | 0.808 *** | Lag- OBEF | 0.805 *** | ||||
GDP | 2.487*** | GDP | 2.560 *** | GDP | 2.458 *** | ||||
GDP2 | −0.185*** | GDP2 | −0.172 *** | GDP2 | −0.176 *** | ||||
FPI | 0.138 *** | FPI | 0.146 *** | FPI | 0.135 *** | ||||
URB | 0.052 *** | URB | 0.103 *** | URB | −0.036 ** | ||||
TRD | 0.054*** | TRD | 0.077 *** | TRD | 0.050 *** | ||||
OKC hyp | Valid | Valid | Valid | ||||||
GDP peak-point level | 830.163 | 1,705.921 | 1,078.099 | ||||||
AR [2] | −0.046 | 0.052 | −0.219 | ||||||
F-statistic | 109.160*** | 95.720 *** | 105.95 *** |