Table 9.
a: Truncated Bootstrapped Regression Result | b: Robustness Check Result via Tobit Regression | ||
---|---|---|---|
DSTFEE | Coefficient | DSTFEE | Coefficient |
InPGDP | −0.0459 *** (0.00498) |
InPGDP | −0.1019 *** (0.0063) |
InPGDP2 | 0.01112 *** (0.000458) |
InPGDP2 | 0.01459 *** (0.00047) |
InREC | 0.00658 *** (0.00109) |
InREC | 0.01162 *** (0.00161) |
InFDI | −0.00298 ** (0.00112) |
InFDI | −0.00195 (0.00136) |
InFDEV | −0.00413 * (0.00227) |
InFDEV | −0.00986 *** (0.00291) |
InTRADE | 0.01445 *** (0.00439) |
InTRADE | 0.01914 *** (0.0055) |
InIS | 0.00096 (0.00313) |
InIS | −0.00276 (0.00408) |
InURB | −0.00169 ** (0.00387) |
InURB | −0.0089 * (0.00469) |
Constant | 0.5589 *** (0.03108) |
Constant | 0.89837 *** (0.04004) |
Note: In a, the coefficients have been bootstrapped. Standard errors in parentheses. * p < 0.10, ** p < 0.05, *** p < 0.01.