Table 3:
Estimation results of full-sample SDM
| Variables | W1 | W2 | W3 | |||
|---|---|---|---|---|---|---|
| SDM-RE | SDE-FE | SDM-RE | SDE-FE | SDM-RE | SDE-FE | |
| Heal | 0.048* (0.028) | 0.076*** (0.027) | 0.041 (0.026) | 0.068*** (0.026) | 0.055** (0.026) | 0.081*** (0.026) |
| Cap | 0.101*** (0.017) | 0.129*** (0.019) | 0.120*** (0.017) | 0.146*** (0.018) | 0.120*** (0.017) | 0.149*** (0.018) |
| Con | 0.732*** (0.037) | 0.548*** (0.079) | 0.742*** (0.039) | 0.510*** (0.084) | 0.726*** (0.041) | 0.480*** (0.085) |
| Exp | 0.011 (0.010) | 0.0056 (0.010) | 0.015 (0.010) | 0.006 (0.010) | 0.013 (0.010) | 0.005 (0.010) |
| Hum | 0.063* (0.035) | 0.042 (0.040) | 0.027 (0.035) | 0.024 (0.041) | 0.033 (0.036) | 0.032 (0.041) |
| Urb | −0.056 (0.140) | −0.33* (0.173) | −0.090 (0.136) | −0.374** (0.169) | −0.191 (0.138) | −0.438*** (0.167) |
| ρ | 0.373*** (0.058) | 0.323*** (0.060) | 0.510*** (0.063) | 0.507*** (0.064) | 0.499*** (0.064) | 0.481*** (0.065) |
| W×Heal | −0.013 (0.034) | 0.009 (0.037) | 0.001 (0.038) | 0.018 (0.044) | −0.007 (0.041) | 0.014 (0.051) |
| W×Cap | −0.011 (0.033) | 0.007 (0.036) | −0.048 (0.038) | −0.039 (0.040) | −0.045 (0.039) | −0.041 (0.042) |
| W×Con | −0.358*** (0.063) | −0.201** (0.097) | −0.503*** (0.069) | −0.344*** (0.108) | −0.499*** (0.069) | −0.293** (0.114) |
| W×Exp | 0.053*** (0.015) | 0.067*** (0.015) | 0.037* (0.020) | 0.051*** (0.019) | 0.058*** (0.022) | 0.078*** (0.021) |
| W×Hum | −0.059 (0.055) | −0.173** (0.076) | 0.007 (0.067) | −0.136 (0.095) | −0.027 (0.076) | −0.197* (0.108) |
| W×Urb | −0.419 (0.285) | −0.488 (0.329) | −0.097 (0.286) | 0.271 (0.379) | 0.051 (0.268) | 0.189 (0.379) |
| N | 403 | 403 | 403 | 403 | 403 | 403 |
| R2 | 0.987 | 0.961 | 0.989 | 0.964 | 0.989 | 0.963 |
| Hausman likelihood | −14.14 | −11.12 | −3.44 | |||
| 539.135 | 626.765 | 546.566 | 633.778 | 544.463 | 633.701 | |
Notes: numbers in brackets reflect standard error.
***, **, and * are significance at the 1%, 5%, and 10% levels