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