Variables | OLS (1) | Fixed Effect (2) | Random Effect (3) | Regression with panel-corrected standard errors(4) | Regression with panel-corrected standard errors (SEZPOLICY replaced with OPSEZ variable) (5) |
|
| (Dependent Variable = LFDI) |
| ||
LPCGSDP | 2.48*** (0.27) | 1.95*** (0.29) | 2.15*** (0.28) | 2.47*** (0.46) | 2.11*** (0.42) |
ELEC | 4.69** (1.82) | 3.05 (1.83) | 3.28 (1.75) | 3.70 (2.57) | 0.78 (2.1) |
HWDNSTY | −89.99*** (9.8) | −97.27*** (9.38) | −96.08*** (9.27) | −88.49*** (16.1) | −72.18*** (14.95) |
URBANDN | 83.40*** (9.63) | 96.02*** (10.13) | 91.99*** (10.11) | 78.84*** (18.14) | 70.98*** (15.7) |
NEARPRT | 1.56*** (0.3) | 1.91*** (0.26) | 1.79*** (0.26) | 1.53** (0.46) | 1.20*** (0.43) |
SEZPOLICY | 1.18*** (0.24) | 0.85** (0.26) | 0.97*** (0.26) | 1.17** (0.39) |
|
OpSEZ |
|
|
|
| 0.09*** (0.02) |
Constant | −12.33*** (1.59) | −8.35*** (1.77) | −9.68*** (1.69) | −11.87*** (2.95) | −8.98** (2.71) |
Observations | 224 | 224 | 224 | 224 | 224 |
R squared | 0.62 | 0.66 | 0.66 | 0.71 | 0.81 |
F test | 59.25 | 65.77 | - | - | - |
Wald Chi 2 | - | - | 396.36 | 104.80 | 152.01 |
Hausman test | chi2(6) = 10.47 |
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Breusch-Pagan /Cook-Weisberg test for heteroskedasticity | chi2(1) = 0.01 |
| |||
Wooldridge test for autocorrelation | F( 1, 13) = 17.586 |
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