| (1) | (2) | (3) |
market | 0.0302*** | 0.00106*** | 0.0304*** |
| (0.00792) | (0.00041) | (0.00791) |
lnK | / | / | 0.122 |
(0.0824) | |||
lnL | 0.253*** | 0.567*** | 0.183** |
| (0.0607) | (0.0338) | (0.0765) |
Inf | −5.249*** | 0.875** | −5.356*** |
| (0.766) | (0.426) | (0.768) |
Eco | 1.327*** | 1.175*** | 1.183*** |
| (0.0831) | (0.0462) | (0.128) |
Hum | 1.484*** | 0.835*** | 1.382*** |
| (0.413) | (0.230) | (0.419) |
Open | 0.271** | −0.0253 | 0.274** |
| (0.128) | (0.0714) | (0.128) |
Cons | −9.380*** | −5.120*** | −8.754*** |
| (0.509) | (0.283) | (0.660) |
Time effect | Yes | Yes | Yes |
Regional effect | Yes | Yes | Yes |
Hausman | 0.0000 | 0.0000 | 0.0000 |
R-square | 0.924 | 0.972 | 0.9241 |
Observations | 510 | 510 | 510 |