Table 7.

Panel fixed effects model

Variables	Model 1	Model 2	Model 3
${\mathit{GDPPC}}_{\mathit{it}}$	0.340* (0.113)
${\mathit{Infra}}_{\mathit{it}}$	0.017* (0.006)		0.011* (0.003)
${\mathit{TC}}_{\mathit{it}}$	− 0.177* (0.018)	− 0.218* (0.019)	− 0.118* (0.031)
${Transport\_Air}_{\mathit{it}}$		0.017* (0.006)
${\mathit{Power}}_{\mathit{it}}$		0.072* (0.020)
${Ship\_connectivity}_{\mathit{it}}$			0.022** (0.011)
${\mathit{FDI}}_{\mathit{it}}$		0.575* (0.232)
${\mathit{FDI}}_{\mathit{it}}\times {\mathit{FTA}}_{\mathit{it}}$			0.005* (0.002)
Constant	1.520* (0.123)	1.942* (0.152)	0.730* (0.131)
N	279	279	279
${\mathrm{Adj}R}^2$	0.28	0.32	0.32
F-stat	14.29 [0.00]	13.13 [0.00]	9.74 [0.00]
Hausman spec	17.89 [0.00]	20.66 [0.00]	129.50 [0.00]

*, **, and *** denote statistical significance at the 1%, 5%, and 10% levels, respectively

Values in parenthesis and square brackets indicate standard errors and level significance