Baseline regression results
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Variable | GIN | GIN | GIN | GIN2 |
| STFE | 33.2463*** (4.00) | 163.8634*** (4.54) | 19.7601*** (3.55) | 14.9912*** (3.87) |
| STFE_1 | 12.6929*** (4.61) | |||
| STFE_2 | 14.2755*** (2.98) | |||
| FDI | 2.1386*** (2.86) | 1.7948 (1.54) | 1.9184*** (3.50) | 1.8315*** (3.19) |
| EG | 2.4308*** (5.45) | 1.8716*** (5.78) | 2.6274*** (5.75) | 1.5841*** (5.77) |
| IN | −0.0046 (−0.21) | −0.0088 (−0.36) | −0.0006 (−0.04) | −0.0008 (−0.06) |
| IS | 2.2088*** (4.03) | 0.8825 (1.18) | 2.0977*** (3.74) | 1.3154*** (4.00) |
| IND | 0.0003 (0.82) | −0.0001 (−0.34) | 0.0003 (1.04) | 0.0003 (1.34) |
| Cons | −9.0224*** (−5.93) | −9.568*** (−20.22) | −10.1534*** (−6.30) | −5.8494*** (−6.38) |
| Year | YES | YES | YES | YES |
| City | YES | YES | YES | YES |
| Cragg-Donald wald F statistic Wald F statistic | 297.856 | |||
| Stock-Yogo weak ID Test critical values | 16.38 (10%) | |||
| N | 4,260 | 4,260 | 3,692 | 4,260 |
| R2 | 0.512 | 0.534 | 0.550 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| Variable | GIN | GIN | GIN | GIN2 |
| STFE | 33.2463 | 163.8634 | 19.7601 | 14.9912 |
| STFE_1 | 12.6929 | |||
| STFE_2 | 14.2755 | |||
| FDI | 2.1386 | 1.7948 (1.54) | 1.9184 | 1.8315 |
| EG | 2.4308 | 1.8716 | 2.6274 | 1.5841 |
| IN | −0.0046 (−0.21) | −0.0088 (−0.36) | −0.0006 (−0.04) | −0.0008 (−0.06) |
| IS | 2.2088 | 0.8825 (1.18) | 2.0977 | 1.3154 |
| IND | 0.0003 (0.82) | −0.0001 (−0.34) | 0.0003 (1.04) | 0.0003 (1.34) |
| Cons | −9.0224 | −9.568 | −10.1534 | −5.8494 |
| Year | ||||
| City | ||||
| Cragg-Donald wald F statistic | 297.856 | |||
| Stock-Yogo weak ID | 16.38 (10%) | |||
| 4,260 | 4,260 | 3,692 | 4,260 | |
| 0.512 | 0.534 | 0.550 |
Note(s): z statistics in parentheses (2), while t statistics in other parentheses;
***p < 0.01,
**p < 0.05 and
*p < 0.1
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.