Table 12.
Model results for replacing core explanatory variables.
| VARIABLES | Model 27 |
Model 28 |
Model 29 |
|---|---|---|---|
| Time Fixed | Individual Fixed | Double Fixed | |
| FC | 0.0144** | 0.00665 | 0.00665 |
| (2.37) | (1.35) | (1.35) | |
| lnP | 0.115*** | −0.0878 | −0.0878 |
| (6.43) | (−0.71) | (−0.71) | |
| FDI | 5.674*** | −1.820*** | −1.820*** |
| (6.43) | (−2.58) | (−2.58) | |
| Constant | 0.137 | 1.629** | 1.629** |
| (1.12) | (2.02) | (2.02) | |
| Observations | 2340 | 2340 | 2340 |
| Adjusted R-squared | 0.047 | 0.826 | 0.826 |
| F | 9.483 | 42.39 | 42.39 |
Notes: t statistics in parentheses ⁎ p < 0.1, ⁎⁎ p < 0.05, ⁎⁎⁎ p < 0.01.