Table 3.
Explanatory variables | Model 1 | Model 2 | Model 3 | Model 4 |
---|---|---|---|---|
Constant | 0.808**(4.184) | 1.264**(7.971) | 1.175**(4.109) | − 0.873(− 1.880) |
Log(Cases(− 1)) | 0.824**(34.362) | 0.873**(58.032) | 0.825**(24.882) | 0.872**(50.713) |
Log(PCNSDP) | 0.129**(3.125) | |||
Log(URBAN) | 0.136*(2.032) | 0.156**(2.582) | ||
Log(DENSITY) | 0.041*(2.125) | 0.049**(2.653) | ||
Log(BPL) | − 0.064*(− 2.002) | − 0.062**(− 3.034) | ||
Log(AGRI) | − 0.080**(− 4.776) | − 0.068*(− 2.040) | ||
Unlock | 0.244**(3.059) | 0.258**(3.317) | ||
Log(URBAN)*Log(BPL) | − 0.023*(− 2.153) | |||
R-squared | 0.96 | 0.96 | 0.96 | 0.96 |
Adjusted R-squared | 0.96 | 0.96 | 0.96 | 0.96 |
F-statistic | 10480.21** | 10481.78** | 10481.65** | 10518.06 |
Source: Estimated by the authors on the basis of secondary data
(1) Numbers in the parentheses are t ratios where White’s diagonally corrected standard errors are used throughout. **means significant at 1% level and *means significant at 5% level. (2) These pooled estimates use White’s diagonally corrected standard errors throughout. (3) Number of states and UTs = 33, number of weeks = 47; panel includes 1551 pooled observations