Table 3:
Regional panel data analysis results
| Explanatory variable | East (FE) | Center (FE) | Northeast (FE) | West (FE) |
|---|---|---|---|---|
| PCGHIit | 0.296*** (3.38) | 0.174** (2.16) | 0.219** (2.47) | −0.0136 (−0.14) |
| PCPHIit | 0.126* (1.38) | 0.0892* (1.36) | 0.101*** (3.09) | 0.0483 (0.48) |
| PCMCIit | 0.0774** (2.07) | 0.420*** (8.76) | 0.197*** (5.91) | 0.256*** (6.12) |
| UEit | −0.419*** (−3.86) | −0.000994 (−0.01) | −0.00506 (−0.04) | −0.233* (−1.86) |
| EDit | 0.308*** (10.64) | 0.172** (3.03) | 0.149* (1.89) | 0.0156 (0.96) |
| ODRit | −0.0715 (−0.69) | −0.128 (−1.07) | −0.379*** (−3.65) | 0.190 (1.47) |
| TDit | −0.168*** (−2.76) | 0.0587 (1.29) | −0.0452 (−1.00) | −0.0575* (−2.30) |
| NNRit | 0.273*** (2.64) | 0.0913 (1.04) | −0.0376 (−0.36) | 0.209*** (3.68) |
| URit | 1.598*** (9.46) | 0.288 (1.03) | 0.213 (0.98) | 1.483*** (7.50) |
| ISit | 0.0334 (1.42) | −0.947 (−1.61) | 1.789*** (5.73) | 3.227*** (7.17) |
| Intercept | 8.645*** (18.36) | 4.621*** (7.03) | 3.186*** (4.02) | 8.832*** (14.14) |
| R2 | 0.9269 | 0.9890 | 0.9934 | 0.9634 |
| Hausman test | 0.0000 | 0.0000 | 0.0003 | 0.0000 |
Notes: Value in bracket represents t statistics.
*, **, and ***represent statistical significance at 10%, 5%, and 1%, respectively