Table 5. Mixed-effects ML regression...

Table 5.

Mixed-effects ML regression with China dummy

Geo_dist_weighted	Coefficient	Standard error	t-value	p-value	95% Conf	Interval	Significance
is_China	1,760.36	1,404.75	1.25	0.21	−992.89	4,513.61
z_GDP_host	2,030.67	144.68	14.04	0.00	1,747.09	2,314.24	***
z_GDPgrowth_host	−272.70	52.82	−5.16	0.00	−376.23	−169.18	***
z_fuel_exports_host	59.16	50.55	1.17	0.24	−39.91	158.24
z_ore_metal_export∼t	333.01	46.90	7.10	0.00	241.08	424.94	***
z_patents_host	−897.25	136.20	−6.59	0.00	−1,164.20	−630.30	***
z_host_productivity	991.36	75.29	13.17	0.00	843.79	1,138.930	***
z_ling_dist	−217.86	67.54	−3.23	0.00	−350.23	−85.48	***
z_colony	36.93	57.38	0.64	0.52	−75.54	149.39
z_polity2	−143.25	185.86	−0.77	0.44	−507.52	221.03
z_financialstructure	−81.90	93.85	−0.87	0.38	−265.84	102.04
z_home_productivity	−725.22	176.09	−4.12	0.00	−1,070.35	−380.09	***
z_RLE_home	417.84	178.80	2.34	0.02	67.39	768.28	**
Constant	5,290.56	326.70	16.19	0.00	4,650.24	5,930.87	***
Random-effects parameters
Source country	1,635,566.80		615,820.95	ICC: 0.16 (SE 0.05)	781,943.27	3,421,064.80
Firm	3,322,862.90		231,652.34	ICC: 0.49 (SE: 0.04)	2,898,485.80	3,809,374.50
Residual	5,202,024.80		182,891.59		4,855,635.50	5,573,124.80
Mean dependent var		6,151.33		SD dependent var		4,331.10
Number of observations		4,088		Chi-square		1,688.08
Prob > chi²		0.00		Akaike crit. (AIC)		76,577.38

Geo_dist_weighted	Coefficient	Standard error	t-value	p-value	95% Conf	Interval	Significance
is_China	1,760.36	1,404.75	1.25	0.21	−992.89	4,513.61
z_GDP_host	2,030.67	144.68	14.04	0.00	1,747.09	2,314.24	***
z_GDPgrowth_host	−272.70	52.82	−5.16	0.00	−376.23	−169.18	***
z_fuel_exports_host	59.16	50.55	1.17	0.24	−39.91	158.24
z_ore_metal_export∼t	333.01	46.90	7.10	0.00	241.08	424.94	***
z_patents_host	−897.25	136.20	−6.59	0.00	−1,164.20	−630.30	***
z_host_productivity	991.36	75.29	13.17	0.00	843.79	1,138.930	***
z_ling_dist	−217.86	67.54	−3.23	0.00	−350.23	−85.48	***
z_colony	36.93	57.38	0.64	0.52	−75.54	149.39
z_polity2	−143.25	185.86	−0.77	0.44	−507.52	221.03
z_financialstructure	−81.90	93.85	−0.87	0.38	−265.84	102.04
z_home_productivity	−725.22	176.09	−4.12	0.00	−1,070.35	−380.09	***
z_RLE_home	417.84	178.80	2.34	0.02	67.39	768.28	**
Constant	5,290.56	326.70	16.19	0.00	4,650.24	5,930.87	***
Random-effects parameters
Source country	1,635,566.80		615,820.95	ICC: 0.16 (SE 0.05)	781,943.27	3,421,064.80
Firm	3,322,862.90		231,652.34	ICC: 0.49 (SE: 0.04)	2,898,485.80	3,809,374.50
Residual	5,202,024.80		182,891.59		4,855,635.50	5,573,124.80
Mean dependent var		6,151.33		SD dependent var		4,331.10
Number of observations		4,088		Chi-square		1,688.08
Prob > chi²		0.00		Akaike crit. (AIC)		76,577.38

Note(s):

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

Source(s): Authors’ own work

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