Variables | OLS | SAR | SEM | SDM |
VC | 0.290*** (0.000) | 0.126*** (0.008) | 0.123*** (0.009) | 0.102** (0.036) |
RD | 1.408*** (0.000) | 2.112*** (0.000) | 2.132*** (0.000) | 2.016*** (0.000) |
OPEN | 0.117 (0.270) | 0.187*** (0.000) | 0.184*** (0.000) | 0.242*** (0.000) |
GOV | 0.030** (0.043) | −0.013 (0.355) | −0.013 (0.384) | −0.001 (0.944) |
EA | 0.317*** (0.000) | 0.283*** (0.000) | 0.284*** (0.000) | 0.275*** (0.000) |
W * VC |
|
|
| 0.047 (0.841) |
W * RD |
|
|
| −2.040*** (0.003) |
W * OPEN |
|
|
| 0.938*** (0.002) |
W * GOV |
|
|
| −0.065 (0.455) |
W * EA |
|
|
| −0.196 (0.126) |
Constant | −0.005 (0.272) |
|
|
|
Lambda |
|
| 0.189 (0.136) |
|
rho |
| 0.029 (0.789) |
| 0.144 (0.265) |
sigma2_e |
| 0.000*** (0.000) | 0.000*** (0.000) | 0.000*** (0.000) |
Observations | 300 | 570 | 570 | 570 |
R-squared | 0.503 | 0.536 | 0.540 | 0.521 |
F-test | 59.544 |
|
|
|
Prob > F | 0.000 |
|
|
|
Log-likelihood |
| 1352.7089 | 1353.7168 | 1361.3224 |