| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
FE | 0.1085** | 0.1083** | 0.0756 | 0.0733 | 0.1086* | 0.1047* | 0.1039* | 0.0992* |
| (0.0508) | (0.0531) | (0.0630) | (0.0659) | (0.0617) | (0.0624) | (0.0624) | (0.0509) |
ECO |
| 0.0771* | 0.0582 | 0.0415 | 0.0280 | 0.0266 | 0.0148 | 0.0170 |
|
| (0.0416) | (0.0419) | (0.0460) | (0.0460) | (0.0462) | (0.0366) | (0.0362) |
GOV |
|
| 0.0855*** | 0.0593* | 0.0555* | 0.0564* | 0.0543** | 0.0598*** |
|
|
| (0.0315) | (0.0307) | (0.0306) | (0.0307) | (0.0275) | (0.0274) |
FIN |
|
|
| 0.2056*** | 0.2021*** | 0.2025*** | 0.1620*** | 0.1698*** |
|
|
|
| (0.0440) | (0.0437) | (0.0438) | (0.0390) | (0.0389) |
SYS |
|
|
|
| 0.0756* | 0.0727* | 0.0815** | 0.0834** |
|
|
|
|
| (0.0421) | (0.0423) | (0.0396) | (0.0394) |
FDI |
|
|
|
|
| 0.6655** | 0.6777** | 0.6023** |
|
|
|
|
|
| (0.2814) | (0.2689) | (0.2716) |
PGDP |
|
|
|
|
|
| 0.0423*** | 0.0386*** |
|
|
|
|
|
|
| (0.0053) | (0.0057) |
REG |
|
|
|
|
|
|
| 0.0081 |
|
|
|
|
|
|
|
| (0.0049) |
Regional FE Year FE | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes | Yes Yes |
λ | 0.2724*** | 0.2546*** | 0.2691*** | 0.2412*** | 0.2298*** | 0.2378*** | 0.2339*** | 0.2499*** |
(0.0725) | (0.0732) | (0.0723) | (0.0741) | (0.0753) | (0.0761) | (0.0836) | (0.0845) | |
N | 300 | 300 | 300 | 300 | 300 | 300 | 300 | 300 |
R2 | 0.3326 | 0.2599 | 0.1966 | 0.1543 | 0.2073 | 0.2029 | 0.2161 | 0.2072 |