(1)

(2)

(3)

(4)

(5)

Honesty

0.453***

−0.080**

−0.070*

−0.082**

−0.088**

(0.064)

(0.040)

(0.039)

(0.037)

(0.037)

Consumption level

0.526***

0.559***

0.395***

0.086

(0.020)

(0.020)

(0.036)

(0.107)

Science & technology

0.735***

0.690***

0.714***

(0.151)

(0.144)

(0.142)

Human capital

0.046***

0.039***

(0.009)

(0.009)

Local economy

0.296***

(0.096)

Constant term

5.412***

3.706***

-0.127

1.283

1.795**

P fixed effect

Y fixed effect

(0.453)

Yes

Yes

(0.256)

Yes

Yes

(0.823)

Yes

Yes

(0.829)

Yes

Yes

(0.834)

Yes

Yes

N

324

324

324

324

324

R²

0.147

0.746

0.765

0.787

0.793