Dependent Variable: PPI | (1) | (2) | (3) | (4) | (5) | (6) |
idxpr | 0.272*** (9.48) | 0.269*** (8.43) | 0.201*** (4.42) | 0.111* (1.77) | 0.205*** (4.17) | 0.053 (1.16) |
idxm | 0.210** (2.77) | 0.224** (2.49) | 0.163* (1.87) | 0.265** (2.5) | 0.631*** (4.33) | 0.057 (0.36) |
ratio |
|
|
| 2.22 (0.70) | 2.715 (0.85) | 2.062 (0.68) |
ratio*idxpr |
|
|
| 0.194*** (3.36) |
| 0.315*** (4.99) |
ratio*idxm |
|
|
|
| 0.757** (2.59) | 0.650* (1.81) |
M1 |
| 0.031 (1.61) | 0.567*** (5.77) | 0.684*** (5.74) | 0.632*** (5.07) | 0.726*** (5.94) |
flow |
| 0.0003* (1.97) | 0.005*** (6.44) | 0.006*** (6.27) | 0.005*** (5.47) | 0.006*** (6.43) |
GDP |
| 0.169** (2.60) | 0.018 (0.15) | 0.024 (0.26) | 0.008 (0.08) | 0.033 (0.36) |
Constants | 0.026 (0.16) | 1.868*** (3.45) | 11.630*** (4.72) | 14.968*** (4.49) | 14.454*** | 15.541*** (4.57) |
Individual fixed effects | No | Yes | Yes | Yes | Yes | Yes |
Time fixed effects | No | No | Yes | Yes | Yes | Yes |
Observations | 372 | 372 | 372 | 372 | 372 | 372 |
R2 | 0.712 | 0.744 | 0.760 | 0.786 | 0.778 | 0.788 |