Risk Management at the Macroeconomy Level and Development in Developing Countries

Table 1

Empirical results (full model).

	Coefficient estimates	𝑡-Statistics
Intercept	10517.919	3.238
CPIInfRat	−1425.914	−0.730
InterReserves	82.960	1.821**
GovnceInd	9131.233	7.884*
ExchgClass	183.114	0.216
GrossPubDbt	25.161	0.783
GovtSurp	37.610	0.178

Adjusted 𝑅²=0.546.
*Significant at the 0.5 percent level.
**Significant at the 5 percent level.