Estimation results for Eq. (2)
| Dependent variable: LnGDPP | ||||
|---|---|---|---|---|
| Regressors | (2.1) | (2.2) | ||
| FE | FGLS | FE | FGLS | |
| SWT | 0.002*** (3.06) | 0.003*** (7.17) | 0.001** (3.78) | 0.002*** (8.61) |
| LnFDI | 0.297*** (3.81) | 0.409*** (6.17) | 0.109** (2.26) | 0.235*** (8.64) |
| LnCAP | 0.438*** (7.92) | 0.351*** (8.12) | ||
| LABOR | 0.035** (2.38) | 0.056*** (4.51) | ||
| LnLGQ | 1.856*** (4.14) | 0.499** (2.34) | ||
| LnEDU | 0.204** (2.36) | 0.318*** (7.24) | ||
| Year FE | Yes | Yes | Yes | Yes |
| Province FE | Yes | Yes | Yes | Yes |
| Constant | 3.033*** | 2.785*** | 2.486*** | 2.663*** |
| Obs | 553 | 553 | 421 | 421 |
| Hausman | 175.24*** | 156.72*** | ||
| Wooldridge | 191 | 178 | ||
| MW-P | 0.000 | 0.573 | 0.000 | 0.284 |
| LM-P | 0.475 | 0.338 | ||
| Dependent variable: LnGDPP | ||||
|---|---|---|---|---|
| Regressors | (2.1) | (2.2) | ||
| FE | FGLS | FE | FGLS | |
| SWT | 0.002*** (3.06) | 0.003*** (7.17) | 0.001** (3.78) | 0.002*** (8.61) |
| LnFDI | 0.297*** (3.81) | 0.409*** (6.17) | 0.109** (2.26) | 0.235*** (8.64) |
| LnCAP | 0.438*** (7.92) | 0.351*** (8.12) | ||
| LABOR | 0.035** (2.38) | 0.056*** (4.51) | ||
| LnLGQ | 1.856*** (4.14) | 0.499** (2.34) | ||
| LnEDU | 0.204** (2.36) | 0.318*** (7.24) | ||
| Year FE | Yes | Yes | Yes | Yes |
| Province FE | Yes | Yes | Yes | Yes |
| Constant | 3.033*** | 2.785*** | 2.486*** | 2.663*** |
| Obs | 553 | 553 | 421 | 421 |
| Hausman | 175.24*** | 156.72*** | ||
| Wooldridge | 191 | 178 | ||
| MW-P | 0.000 | 0.573 | 0.000 | 0.284 |
| LM-P | 0.475 | 0.338 | ||
Note(s): T-statistics for FE and Z-statistics for FGLS are presented in brackets. The symbols ***, ** and * represent statistically significant levels at 1%, 5% and 10%, respectively. p represents the P-value of the respective tests
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.