Results of the expanded MRW model, with fixed effects
| Variable | Without spatial lag | With spatial lag | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Estimates | Main | Direct effects | Indirect effects | Total effects | ||||||
| Coeff; | P >|z| | Coeff. | P >|z| | Coeff. | P >|z| | Coeff. | P >|z| | Coeff. | P >|z| | |
| ρ | – | – | 0.5857 | 0.000 | – | – | – | – | – | – |
| ln(Q) | 0.2305 | 0.043 | 0.1078 | 0.041 | 0.1201 | 0.040 | 0.1400 | 0.040 | 0.2602 | 0.040 |
| ln(H) | 0.7824 | 0.000 | 0.4363 | 0.000 | 0.4865 | 0.000 | 0.5670 | 0.000 | 1.0536 | 0.000 |
| ln(K) | 0.8953 | 0.000 | 0.3478 | 0.000 | 0.3880 | 0.000 | 0.4520 | 0.000 | 0.8400 | 0.000 |
| ln(D) | −0.0434 | 0.002 | −0.0098 | 0.013 | −0.0108 | 0.018 | −0.0125 | 0.018 | −0.0234 | 0.018 |
| R2 within | 0.7007 | 0.7837 | ||||||||
| R2 between | 0.6756 | 0.6527 | ||||||||
| R2 overall | 0.6472 | 0.6379 | ||||||||
| Variable | Without spatial lag | With spatial lag | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Estimates | Main | Direct effects | Indirect effects | Total effects | ||||||
| Coeff; | Coeff. | Coeff. | Coeff. | Coeff. | ||||||
| – | – | 0.5857 | 0.000 | – | – | – | – | – | – | |
| ln(Q) | 0.2305 | 0.043 | 0.1078 | 0.041 | 0.1201 | 0.040 | 0.1400 | 0.040 | 0.2602 | 0.040 |
| ln(H) | 0.7824 | 0.000 | 0.4363 | 0.000 | 0.4865 | 0.000 | 0.5670 | 0.000 | 1.0536 | 0.000 |
| ln(K) | 0.8953 | 0.000 | 0.3478 | 0.000 | 0.3880 | 0.000 | 0.4520 | 0.000 | 0.8400 | 0.000 |
| ln( | −0.0434 | 0.002 | −0.0098 | 0.013 | −0.0108 | 0.018 | −0.0125 | 0.018 | −0.0234 | 0.018 |
| 0.7007 | 0.7837 | |||||||||
| 0.6756 | 0.6527 | |||||||||
| 0.6472 | 0.6379 | |||||||||
Note(s): Robust standard errors in clusters
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