Table 3.
The result of pannel regression.
| Variables | Total | Economy_h | Economy_l | Eeconomy_h | Eeconomy_l |
|---|---|---|---|---|---|
| ln_inpeo | −1.033*** (0.301) | −0.403* (0.199) | −0.935 (0.570) | −1.240*** (0.255) | 0.338 (0.563) |
| ln_govinc | −0.587** (0.183) | −0.184 (0.105) | −1.769*** (0.449) | −0.243 (0.126) | −1.390** (0.437) |
| ln_govoutc | −0.491 (0.602) | −0.152 (0.433) | 0.675 (1.062) | 0.789 (0.504) | −0.815 (1.070) |
| ln_yedu | 1.022 (1.863) | 3.604* (1.766) | 1.091 (2.684) | 4.806** (1.568) | −2.718 (3.256) |
| ln_labinc | 1.349* (0.624) | 0.408 (0.460) | −0.175 (1.093) | 0.181 (0.520) | 0.489 (1.181) |
| ln_imaex | −0.334 (0.183) | −0.730*** (0.141) | 0.314 (0.298) | −0.834*** (0.165) | −0.110 (0.315) |
| Constant | 19.130*** (4.789) | 11.176** (3.545) | 20.623* (8.219) | 3.894 (3.779) | 39.967*** (8.760) |
| R-squared | 0.416 | 0.465 | 0.499 | 0.523 | 0.456 |
| N | 510 | 255 | 255 | 255 | 255 |
***, **, and *, respectively, indicates significance at the 1, 5, and 10% level. Standard error in parentheses.