Table 5.
SDM spatial econometric regression results.
| Variables | (1) | (2) |
|---|---|---|
| ICT | − 0.6072*** (− 6.05) | − 0.7131*** (− 7.18) |
| hca | 0.0242*** (3.96) | |
| fdi | 0.0333 (0.17) | |
| fex | − 0.0215 (− 0.69) | |
| gdp | 0.0826*** (5.33) | |
| hos | 0.0831*** (3.78) | |
| ere | 0.0226*** (4.61) | |
| W × ICT | 1.2215*** (3.71) | 1.0891*** (2.80) |
| W × hca | − 0.1185 (− 1.64) | |
| W × fdi | − 3.9956** (− 2.25) | |
| W × fex | − 0.0540 (− 0.20) | |
| W × gdp | 0.0405 (0.60) | |
| W × hos | − 0.1124* (− 1.76) | |
| W × ere | − 0.0331 (− 1.40) | |
| Control variables | No | Yes |
| ρ | 0.7772*** (20.34) | 0.4904*** (6.36) |
| N | 2959 | 2959 |
| R2 | 0.35 | 0.23 |
Standard errors in parentheses *p < 0.1, **p < 0.05, ***p < 0.01.