Explaining variables

East (5)

Middle (6)

West (7)

C

−10.120^***

−12.990^***

−10.663^***

(1.20)

(0.97)

(1.18)

LNFIR

0.164

0.758^***

1.434^***

(0.29)

(0.28)

(0.32)

LNSTK

0.127^***

0.008

0.099

(0.03)

(0.05)

(0.06)

LNRDE

0.835^***

0.732^***

0.825^***

(0.12)

(0.14)

(0.15)

LNRDP

0.479^***

0.560^**

0.334

(0.15)

(0.23)

(0.28)

LNFDI

0.018

0.193^**

0.083

(0.10)

(0.08)

(0.06)

Obs

110

80

120

R²

0.95

0.94

0.87

Model

FE

FE

FE