Variables | OLS | SAR | SEM | SDM |
VC | 0.221*** (0.009) | 0.065 (0.135) | 0.042 (0.403) | 0.138*** (0.001) |
RD | 1.673*** (0.000) | 1.754*** (0.000) | 1.945*** (0.000) | 1.513*** (0.000) |
OPEN | 0.210*** (0.000) | 0.079** (0.030) | 0.136*** (0.001) | 0.024 (0.483) |
GOV | 0.025** (0.019) | −0.009*** (0.000) | −0.014 (0.328) | −0.003 (0.811) |
EA | 0.297*** (0.000) | 0.224*** (0.000) | 0.242*** (0.000) | 0.198*** (0.000) |
W * VC |
|
|
| 0.823*** (0.000) |
W * RD |
|
|
| 1.046*** (0.000) |
W * OPEN |
|
|
| 0.605*** (0.000) |
W * GOV |
|
|
| 0.008 (0.831) |
W * EA |
|
|
| 0.241*** (0.000) |
Constant | −0.007** (0.017) |
|
|
|
Lambda |
|
| 0.349*** (0.000) |
|
rho |
| 0.451*** (0.000) |
| −0.052 (0.460) |
sigma2_e |
| 0.000*** (0.000) | 0.000*** (0.000) | 0.000*** (0.000) |
Observations | 570 | 570 | 570 | 570 |
R-squared | 0.561 | 0.528 | 0.527 | 0.669 |
F-test | 144.389 |
|
|
|
Prob > F | 0.000 |
|
|
|
Log-likelihood |
| 1395.6397 | 1359.0024 | 1459.8987 |