Variable

Over-resourced provinces

Under-resourced provinces

L.τ

0.7793***

1.18111***

0.9973***

0.9121***

(7.04)

(6.68)

(3.37)

(40.21)

Agg

−0.0259***

−0.1746***

0.0202**

0.0743**

(−3.32)

(−2.90)

(2.07)

(2.33)

Control variables

YES

YES

YES

YES

AR(1)

0.0830

0.0830

0.0830

0.0403

AR(2)

0.2587

0.2230

0.2456

0.2719

Sargan

1.0000

1.0000

1.0000

1.0000