| (1) OLS | (2) FE | (3) RE |
market | 0.0165 | 0.0304*** | 0.0204** |
| (0.0104) | (0.00791) | (0.00824) |
lnK | 0.474*** | 0.122 | 0.421*** |
| (0.0671) | (0.0824) | (0.0750) |
lnL | 0.520*** | 0.183** | 0.277*** |
| (0.0747) | (0.0765) | (0.0748) |
Inf | −3.776*** | −5.356*** | −5.307*** |
| (1.157) | (0.768) | (0.822) |
Eco | 0.599*** | 1.183*** | 0.680*** |
| (0.0744) | (0.128) | (0.106) |
Hum | −1.875*** | 1.382*** | 0.570 |
| (0.329) | (0.419) | (0.416) |
Open | 0.0307 | 0.274** | 0.182* |
| (0.0764) | (0.128) | (0.108) |
Cons | −4.652*** | −8.754*** | −7.291*** |
| (0.597) | (0.660) | (0.654) |
Time effect | No | Yes | Yes |
Regional effect | No | Yes | Yes |
Hausman | / | 0.0000 | 0.0000 |
R-square | 0.9170 | 0.9241 | 0.0183 |
Observations | 510 | 510 | 510 |