Research Article
The Long-Term Impact of Human Capital Investment on GDP: A Panel Cointegrated Regression Analysis
Table 7
The comparison of the panels DOLS and FMOLS results.
| Variables | Developing countries | Developed countries | Panel DOLS | FMOLS | Panel DOLS | FMOLS | Coefficient | -stat. | Coefficient | -stat. | Coefficient | -stat. | Coefficient | -stat. |
| LCAP | 0.451805 | 23.43083 | 0.38 | 16.44 | 0.475174 | 28.216627 | 0.42 | 25.28 | LED | 0.365050 | 17.74895 | 0.41 | 15.95 | 0.449935 | 30.208345 | 0.47 | 30.34 | LLIF | 4.765641 | 8.05644 | 4.58 | 11.02 | 2.533908 | 13.013286 | 3.40 | 13.92 |
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