Spatial fixed effects

Time fixed effect

Both fixed effect

Variable

Coefficient

P Value

Coefficient

P Value

Coefficient

P Value

Ifi

0.0002832

0.120

0.0007055

0.000

0.0002733

0.095

lnpgdp

−0.0520333

0.000

0.0225609

0.001

−0.062163

0.000

open

0.237208

0.0104

0.0768197

0.000

0.0208476

0.028

lngov

0.0000318

0.998

0.332744

0.000

−0.016674

0.211

W × Ifi

−0.00018

0.342

−0.001171

0.000

−0.000531

0.137

W ×lnpgdp

0.0915499

0.000

0.0828646

0.000

0.0098369

0.711

W × open

0.0089339

0.642

−0.343967

0.125

0.0081671

0.676

W × lngov

0.0199772

0.468

0.0108475

0.426

−0.087850

0.014

ρ

0.2983711

0.001

0.2538189

0.017

−0.279570

0.019

R2

0.7976

0.6835

0.7089