Table 2.
Factors | OLS |
LSDV |
RE |
|||
---|---|---|---|---|---|---|
(2) | (3) | (4) | (5) | (6) | (7) | |
DE | −0.288*** | −0.305*** | −0.288*** | −0.280*** | −0.308*** | −0.233*** |
(0.028) | (0.032) | (0.032) | (0.033) | (0.033) | (0.040) | |
URB | 0.035 | −0.024 | 0.086 | |||
(0.057) | (0.057) | (0.069) | ||||
EDU | 0.009 | 0.032*** | −0.040*** | |||
(0.008) | (0.008) | (0.008) | ||||
FDI | −0.032*** | −0.040*** | 0.004 | |||
(0.007) | (0.007) | (0.006) | ||||
IND | −0.028*** | −0.032*** | −0.022 | |||
(0.006) | (0.006) | (0.009) | ||||
_Cons | 0.459*** | 0.382*** | 0.475*** | 0.344*** | 0.460*** | 0.668*** |
(0.006) | (0.049) | (0.020) | (0.050) | (0.008) | (0.058) | |
N | 480 | 480 | 480 | 480 | 480 | 480 |
R2 | 0.333 | 0.384 | 0.378 | 0.462 | 0.333 | 0.257 |
Note: ***, ** and * represents the significance level at 1 %, 5 % and 10 % respectively.