variable

LLC

HADRI

IPS

lnavegdp

−6.9526 (0.0000)

10.2918 (0.0000)

−1.7889 (0.0368)

indjj

−3.0607 (0.0011)

6.5449 (0.0000)

0.8996 (0.8158)

secjj

−3.8058 (0.0001)

8.9262 (0.0000)

1.2352 (0.8916)

idc

−4.5263 (0.0000)

4.4943 (0.0000)

−3.2159 (0.0007)

idh

−1.1706 (0.1209)

9.6575 (0.0000)

−1.5850 (0.5665)

lnfeinvest

−4.8755 (0.0000)

9.3013 (0.0000)

−2.0778 (0.0189)

lnpatent1

−2.6620 (0.0039)

7.1810 (0.0000)

−0.8995 (0.1842)

lnhu

−0.5650 (0.2860)

8.8897 (0.0000)

−1.5310 (0.0629)

exp1per

−4.2700 (0.0000)

9.9657 (0.0000)

−4.4346 (0.0000)

gpvper

−2.9478 (0.0016)

8.1805 (0.0000)

−0.0554 (0.4779)