Endogeneity test
| Phase I | Phase II | |
|---|---|---|
| DID | DN | |
| DID | −0.0266*** | |
| (0.007) | ||
| IV | 0.772*** | |
| (0.027) | ||
| Transportation | −0.0337*** | 0.00148 |
| (0.006) | (0.002) | |
| Labour | 0.311 | 0.309** |
| (0.702) | (0.135) | |
| Government | −0.542** | 0.216*** |
| (0.246) | (0.043) | |
| FDI | 0.000423 | 0.000592*** |
| (0.000) | (0.000) | |
| Population | 0.428*** | 0.00968 |
| (0.116) | (0.014) | |
| DID | −0.0266*** | |
| (0.007) | ||
| Fixed Effects | YES | YES |
| _cons | −2.154*** | 12.66*** |
| (0.725) | (0.106) | |
| N | 574 | 574 |
| adj. R2 | 0.8262 | 0.9985 |
| Phase I | Phase II | |
|---|---|---|
| DID | DN | |
| DID | −0.0266*** | |
| (0.007) | ||
| IV | 0.772*** | |
| (0.027) | ||
| Transportation | −0.0337*** | 0.00148 |
| (0.006) | (0.002) | |
| Labour | 0.311 | 0.309** |
| (0.702) | (0.135) | |
| Government | −0.542** | 0.216*** |
| (0.246) | (0.043) | |
| FDI | 0.000423 | 0.000592*** |
| (0.000) | (0.000) | |
| Population | 0.428*** | 0.00968 |
| (0.116) | (0.014) | |
| DID | −0.0266*** | |
| (0.007) | ||
| Fixed Effects | YES | YES |
| _cons | −2.154*** | 12.66*** |
| (0.725) | (0.106) | |
| 574 | 574 | |
| adj. | 0.8262 | 0.9985 |
Note(s): Standard errors in parentheses *p < 0.1, **p < 0.05, ***p < 0.01
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