Variable

Coefficient

Variable

Coefficient

Human capital

2.7862^***

(10.42)

Constant term

0.6389^***

(17.11)

City size

0.6484

(0.75)

R-squared

0.5354

Manufacturing level

−3.9927^***

(−5.47)

Sigma 2

0.0553

Openness to the outside world

3.1884^***

(5.57)

Loglikols

8.9036