Akanni, Olomola Philip - 2007
6/5 164 $740 $31 154
Azerbaijan 313 140 6/5 89 $810 $8 74
Eq. Guinea 249 N/A 7/6 116 $930 $76 101
U.S.A 7,454 17 1/1 7 … the oil variable.
13
14 RESEARCH PAPER 170
Control variables
X
it
is a vector of strictly exogenous covariates. This …=3,...T
The assumptions here are that the error terms, v, are not serially correlated and the
explanatory variables (X …