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