Table 11.
Results of robustness test for spatial Durbin model (1)
| Variable | Coefficient | Standard error | P value |
|---|---|---|---|
| Gfinance | −7.140*** | 1.063 | 0.000 |
| AG | 10.759*** | 1.677 | 0.000 |
| lntech | 0.205*** | 0.048 | 0.000 |
| power | −0.511*** | 0.132 | 0.000 |
| lnhu | −0.198 | 0.180 | 0.270 |
| road | −0.016** | 0.007 | 0.026 |
| gov | 0.542 | 0.513 | 0.291 |
| W*Gfinance | −4.279** | 2.066 | 0.038 |
| W*AG | 10.945** | 3.547 | 0.002 |
| W*lntech | 0.173* | 0.093 | 0.063 |
| W*power | −0.639** | 0.220 | 0.004 |
| W*lnhu | 0.326 | 0.263 | 0.215 |
| W*road | 0.028** | 0.012 | 0.026 |
| W*gov | −1.351 | 0.834 | 0.105 |
| Spatial-rho | 0.244*** | 0.068 | 0.000 |
| sigma2_e | 0.022*** | 0.002 | 0.000 |
| R-squared | 0.765 | ||
| Log-likelihood | 156.855 |
***, **, and * indicate statistical significance at the 1%, 5%, and 10% levels, respectively