| Variables | (1) FE | (2) FE |
| CONS | 0.457 | −4.429*** |
| (−0.91) | (−4.09) | |
|
| 0.230** | 0.221** |
| (2.04) | (1.94) | |
|
| −0.215 | −0.862*** |
| (−0.84) | (−6.53) | |
|
| −0.740*** | −0.02 |
| (−3.37) | (−0.36) | |
|
| 0.393*** | 0.412*** |
| (6.09) | (6.71) | |
|
| 0.557*** | 0.586*** |
| (4.34) | (5.038) | |
|
| −0.553*** | −0.612*** |
| (−3.42) | (−4.09) | |
|
| −0.252 |
|
| (−1.54) |
| |
|
| 0.078*** |
|
| (3.42) |
| |
|
| 0.336 | 0.102*** |
| (1.45) | (8.08) | |
| Adj.R2 | 0.895 | 0.892 |
| Prob.F | 0.000 | 0.000 |