Table 11. Spatial econometric results based on the geographical distance weight matrix.
Variable | Model (1) | Model (2) | Model (3) |
---|---|---|---|
CEE | 0.065*** (2.6) | ||
DIF | 0.312*** (34.58) | 0.021* (1.69) | 0.024* (1.66) |
URE | 0.004*** (4.37) | 0.001 (0.13) | 2.05** (0.001) |
GBE | 0.006 (0.14) | 0.058*** (3.17) | 0.096*** (6.76) |
CPI | 0.0026 (0.83) | -0.001 (0.91) | -0.001 (-0.69) |
EOI | 0.037* (1.7) | 0.006 (0.65) | -0.013* * (-1.22) |
CPE | -0.006 (-1.2) | 0.003 (1.32) | 0.005 (2.28) |
R2 | 0.898 | 0.741 | 0.923 |