Table 1: Empirical results (full model).

Coefficient estimates -Statistics

Intercept 10517.9193.238
CPIInfRat−1425.914−0.730
InterReserves82.9601.821**
GovnceInd9131.2337.884*
ExchgClass183.1140.216
GrossPubDbt25.1610.783
GovtSurp37.6100.178

Adjusted .
*Significant at the 0.5 percent level.
**Significant at the 5 percent level.