Variables

(1)

(2)

(3)

lnMS

0.056 (0.249)

0.098** (0.026)

RIR

2.97E-05 (0.985)

4.26E-05 (0.976)

lnDCP

0.139*** (0.000)

0.098*** (0.000)

0.048* (0.061)

lnOER

0.168*** (0.000)

0.313*** (0.000)

0.279*** (0.000)

lnGFCF

0.038 (0.269)

0.158*** (0.000)

0.140*** (0.000)

R-squared

0.958

0.994

0.994

Observations

220

100

100