Variable | Coefficient | Standard error | T statistic |
ER | 0.2636*** | 0.0878 | 3.0024 |
LNHC | 0.0179*** | 0.0067 | 2.6433 |
EN | 0.0097 | 0.0079 | 1.2304 |
LNGDP | −0.2194** | 0.0956 | −2.2958 |
IS | 0.2914* | 0.1454 | 2.0044 |
OPEN | 0.0034 | 0.0022 | 1.5310 |
FDI | −1.8320 | 1.4387 | −1.2734 |
W*ER | 0.1964* | 0.0981 | 2.0012 |
W*LNHC | −0.1022*** | 0.0282 | −3.6287 |
W*EN | −0.1524* | 0.0821 | −1.8563 |
W*LNGDP | 0.1637*** | 0.0610 | 2.6820 |
W*IS | −0.0011 | 0.0012 | −0.9836 |
W*OPEN | 0.0120* | 0.0069 | 1.7299 |
W*FDI | −6.9428*** | 1.9354 | −3.5872 |
ρ | 0.1110*** | 0.0235 | 4.7195 |
R2 | 0.8033 | - | - |
LogL | 412.0579 | - | - |
LR-lag | 21.3273** | - | - |
LR-error | 22.6028** | - | - |
Hausman test | Hausman test-statistic = −17.3824 p-value = 0.1023 |