| Developed country | Developing country | |
Positive distance | Positive distance | Negative distance | |
Dist_insti*EXP | −0.619 (0.756) | −1.121 (1.095) | 3.771* (1.947) |
Dist_insti | −0.799* (0.414) | −0.200 (0.632) | −1.796*** (0.623) |
Experienced | 1.133 (0.812) | −0.048 (0.782) | 2.946** (1.161) |
lngdp | 0.133 (0.117) | 0.198 (0.136) | 0.100 (0.217) |
Trade | 0.008* (0.004) | 0.007 (0.008) | −0.009 (0.008) |
Raw | 0.009 (0.007) | 0.013* (0.007) | −0.009 (0.007) |
Inter | 0.027** (0.013) | 0.022** (0.010) | 0.019* (0.011) |
Tech | −0.008 (0.027) | −0.013 (0.014) | −0.056*** (0.020) |
Ruralp | 0.062** (0.029) | 0.025* (0.013) | 0.012 (0.015) |
lnrate | −0.284* (0.157) | −0.072 (0.064) | 0.088 (0.074) |
lndist | −0.983* (0.573) | 0.247 (0.424) | 0.542 (0.473) |
Sector | −0.771*** (0.239) | −0.544 (0.342) | −0.477 (0.332) |
_cons | 4.633 (6.271) | −6.447 (6.756) | −6.163 (9.360) |
N | 901 | 710 | 741 |
Wald χ2 | 44.67*** | 22.81** | 36.22*** |
Loglikely-hood | −281.589 | −160.745 | −160.847 |
LR χ2 | 43.86*** | 19.23* | 44.45*** |