Fixed effect

Random effect

Mixed OLS

(1)

(2)

(3)

LnHP

LnHP

LnHP

Lnlp

0.0427***

(0.0167)

0.1020***

(0.0183)

0.3177***

(0.0213)

Lnaee

0.1396***

(0.0510)

0.1038*

(0.0582)

0.3364***

(0.0786)

Lnate

0.0799***

(0.0150)

0.0523**

(0.0172)

−0.0462

(0.0373)

Lname

0.0486

(0.0411)

0.0003

(0.0467)

−0.2064***

(0.0682)

Lnpcdi

0.3199***

(0.0650)

0.4742***

(0.0705)

0.7409***

(0.1029)

Lnpd

0.0916***

(0.0415)

0.0397

(0.0353)

0.0380

(0.0239)

Lnba

−0.0523**

(0.0292)

−0.0149

(0.0248)

−0.1236***

(0.2097)

Lnlr

−0.0474

(0.0833)

−0.017

(0.0782)

0.1194

(0.1485)

Constant

2.9698***

(0.5293)

1.8209***

(0.5387)

−0.8518

(0.7226)

R²

0.9314

0.9245

0.8814

Sample size

270

270

270