Variables

OLS

OLS

FE

FE

(1)

(2)

(3)

(4)

distance

0.9458***

−0.1373***

1.8952***

1.4991***

(0.073)

(0.033)

(0.236)

(0.210)

l_lnrgdp

0.8464***

0.4468***

(0.015)

(0.085)

l_lninv

0.1571***

0.1587***

(0.030)

(0.038)

l_lnpop

−0.8041***

−0.4491***

(0.025)

(0.070)

l_ln(n + γ + δ)

−0.7008***

0.5808

(0.251)

(0.381)

City FE

N

N

Y

Y

Year FE

N

N

Y

Y

N

655

600

655

600

R2

0.174

0.927

0.951

0.963