Table 4. Mixed-effects multilevel...

Table 4.

Mixed-effects multilevel regression

Geo_dist_weighted	Coefficient	Standard error	t-value	p-value	95% Conf	Interval	Significance
z_GDP_host	2,027.55	144.69	14.01	0.00	1,743.97	2,311.13	***
z_GDPgrowth_host	−272.27	52.83	−5.15	0.00	−375.81	−168.74	***
z_fuel_exports_host	59.88	50.55	1.18	0.24	−39.21	158.96
z_ore_metal_export∼t	333.52	46.90	7.11	0.00	241.60	425.45	***
z_patents_host	−895.08	136.22	−6.57	0.00	−1,162.07	−628.10	***
z_host_productivity	994.45	75.25	13.22	0.00	846.97	1,141.93	***
z_ling_dist	−216.00	67.57	−3.20	0.00	−348.44	−83.56	***
z_colony	37.09	57.40	0.65	0.52	−75.42	149.6
z_polity2	−214.35	179.46	−1.19	0.23	−566.07	137.38
z_financialstructure	−90.14	93.85	−0.96	0.34	−274.08	93.80
z_home_productivity	−749.38	176.27	−4.25	0.00	−1,094.86	−403.89	***
z_RLE_home	414.16	181.42	2.28	0.02	58.58	769.73	**
Constant	5,389.99	330.78	16.29	0.00	4,741.68	6,038.3	***
Random-effects parameters
Source country	1,812,330.60		666,984.87	ICC: 0.18 (SE: 0.05)	880,994.27	3,728,222.00
Firm	3,322,742.30		231,616.38	ICC: 0.50 (SE: 0.04)	2,898,427.70	3,809,174.40
Residual	5,201,695.30		182,862.55		4,855,359.80	5,572,735.10
Mean dependent var		6,151.33		SD dependent var		4,331.10
Number of observations		4088		Chi-square		1,683.93
Prob > chi²		0.00		Akaike crit. (AIC)		76,576.87

Geo_dist_weighted	Coefficient	Standard error	t-value	p-value	95% Conf	Interval	Significance
z_GDP_host	2,027.55	144.69	14.01	0.00	1,743.97	2,311.13	***
z_GDPgrowth_host	−272.27	52.83	−5.15	0.00	−375.81	−168.74	***
z_fuel_exports_host	59.88	50.55	1.18	0.24	−39.21	158.96
z_ore_metal_export∼t	333.52	46.90	7.11	0.00	241.60	425.45	***
z_patents_host	−895.08	136.22	−6.57	0.00	−1,162.07	−628.10	***
z_host_productivity	994.45	75.25	13.22	0.00	846.97	1,141.93	***
z_ling_dist	−216.00	67.57	−3.20	0.00	−348.44	−83.56	***
z_colony	37.09	57.40	0.65	0.52	−75.42	149.6
z_polity2	−214.35	179.46	−1.19	0.23	−566.07	137.38
z_financialstructure	−90.14	93.85	−0.96	0.34	−274.08	93.80
z_home_productivity	−749.38	176.27	−4.25	0.00	−1,094.86	−403.89	***
z_RLE_home	414.16	181.42	2.28	0.02	58.58	769.73	**
Constant	5,389.99	330.78	16.29	0.00	4,741.68	6,038.3	***
Random-effects parameters
Source country	1,812,330.60		666,984.87	ICC: 0.18 (SE: 0.05)	880,994.27	3,728,222.00
Firm	3,322,742.30		231,616.38	ICC: 0.50 (SE: 0.04)	2,898,427.70	3,809,174.40
Residual	5,201,695.30		182,862.55		4,855,359.80	5,572,735.10
Mean dependent var		6,151.33		SD dependent var		4,331.10
Number of observations		4088		Chi-square		1,683.93
Prob > chi²		0.00		Akaike crit. (AIC)		76,576.87

Note(s):

***p < 0.01, **p < 0.05 and *p < 0.10

Source(s): Authors’ own work

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