|
| | GDP Growth |
| | (1) | (2) | (3) | (4) | (5) |
|
|
| (Intercept) | 0.009*** | 0.006*** | 0.004*** | 0.002 | 0.004*** |
| | (0.002) | (0.001) | (0.001) | (0.002) | (0.001) |
| Embedding 1 | 0.007 | | | | |
| | (0.010) | | | | |
| Embedding 2 | 0.022** | | | | |
| | (0.008) | | | | |
| Embedding 3 | -0.051* | | | | |
| | (0.022) | | | | |
| Embedding 4 | 0.017 | | | | |
| | (0.010) | | | | |
| Embedding 5 | 0.020* | | | | |
| | (0.009) | | | | |
| Embedding 6 | 0.046** | 0.011*** | | | 0.008* |
| | (0.015) | (0.003) | | | (0.003) |
| Lagged Growth | | | 0.398*** | 0.385*** | 0.344*** |
| | | | (0.087) | (0.089) | (0.088) |
| Spread | | | | 0.000 | |
| | | | | (0.001) | |
| Level | | | | 0.000 | |
| | | | | (0.000) | |
|
|
| Obs. | 115 | 115 | 114 | 114 | 114 |
| BIC | -859.151 | -860.263 | -860.391 | -857.429 | -864.499 |
| R² | 0.169 | 0.093 | 0.158 | 0.168 | 0.203 |
|