Table 4

Estimation results: real manufacturing

man(1)(2)(3)
ln PCY−81.913*** (−3.526)−81.907*** (−3.521)−65.373*** (−2.622)
(ln PCY)ˆ22.603*** (3.866)2.603*** (3.861)2.07*** (2.825)
ln POP325.189*** (4.348)324.822*** (4.123)320.691*** (4.079)
(ln POP)ˆ2−11.229*** (−4.202)−11.216*** (−3.973)−11.089*** (−3.936)
LAC−1.375 (−0.993)−1.298 (−0.243)−0.748 (−0.140)
LAC*d00 −0.078 (−0.015)1.385 (0.264)
LAC*d10 3.343*(1.810) 
Province Fixed EffectsYesYesYes
Period Fixed EffectsYesYesYes
Number of Provinces626262
Number of Observation562562562

Note(s):***, **, * denote the rejection of null hypothesis at the 99%, 95% and 90% level of significance in the coefficients. T-statistics are in parentheses

Source(s): Author estimation

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