Table 3.

The estimation result of Fixed Effect for IQ and sub-indices: LIMR is depended variable (Eq (1)).

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)
Constant	13.14792**	13.2815**	13.5968**	13.4772**	13.0995**	13.2313**	13.0837**
IQ	−0.1044**	⁎	⁎	⁎	⁎	⁎	⁎
CC	⁎	−0.0782**	⁎	⁎	⁎	⁎	⁎
VA	⁎	⁎	−0.0106**	⁎	⁎	⁎	⁎
PS	⁎	⁎	⁎	−0.0189**	⁎	⁎	⁎
RL	⁎	⁎	⁎	⁎	−0.0865**	⁎	⁎
RQ	⁎	⁎	⁎	⁎	⁎	−0.0404**	⁎
GE	⁎	⁎	⁎	⁎	⁎	⁎	−0.1190**
HE	−0.0106**	−0.0109**	−0.0101**	−0.0105**	−0.0102**	−0.0108**	−0.0113**
LGDP	−0.3846**	−0.3905**	−0.4041**	−0.3983**	−0.3823**	−0.3867**	−0.3813**
MYS	−0.0998**	−0.0992**	−0.0938**	−0.09573**	−0.0999**	−0.0989**	−0.0999**
UR	−0.0101**	−0.0096**	−0.0094**	−0.0097**	−0.0097**	−0.0101**	−0.0101**
LCO2	0.0756**	0.0740**	0.0705**	0.0718**	0.0727**	0.0724**	0.0747**
The first hypothesis was confirmed

*, **, and *** Denote significance level at 1%, 5% and 10%, respectively.