(1)

(2)

(3)

(4)

OLS

SLM

SDM

Dynamic Spatial SDM

net

0.030***

0.031***

0.030***

0.030***

(0.000)

(0.000)

(0.000)

(0.000)

ffais

0.056***

0.037***

0.035***

0.027***

(0.000)

(0.000)

(0.000)

(0.000)

fdi

0.045***

0.024***

0.024***

0.015**

(0.000)

(0.002)

(0.002)

(0.045)

hcc

0.317***

0.322***

0.324***

0.311***

(0.000)

(0.000)

(0.000)

(0.000)

inds

0.204***

0.184***

0.181***

0.174***

(0.000)

(0.000)

(0.000)

(0.000)

srip

8.86E−05

−0.007

−0.017**

−0.010

(0.990)

(0.289)

(0.023)

(0.218)

edu

0.037***

0.037***

0.035***

0.032***

(0.000)

(0.000)

(0.000)

(0.000)

L.Wp

0.208***

(0.000)

ρ

0.211***

0.211***

0.0605*

(0.000)

(0.000)

(0.083)

α

−0.055***

(0.000)

Obs

3420

3420

3420