(1)

(2)

(3)

(4)

(5)

Dependent

inv_gr_it

inv_gr_it

con_ gr_it

con_ gr_it

ex&im_gr_it

drop_it

−0.407^**

−0.248^*

−0.125^***

−0.011

−0.120

(0.176)

(0.145)

(0.033)

(0.025)

(0.418)

L.lny_it

17.93

(23.77)

L.lnpc_it

−19.76^***

(25.53)

Constant

21.98^***

−170.9

13.11^***

181.00^***

15.28^***

(0.298)

(254.0)

(0.086)

(248.85)

(3.116)

Region fixed effect

Y

Y

Y

Y

Y

Time fixed effect

Y

Y

Y

Y

Y

Observations

279

248

279

248

279

R-squared

0.322

0.345

0.304

0.562

0.026