|
| (1) | (2) | (3) | (4) | (5) | (6) |
| VARIABLES | lnGDP | lnGDP | lnGDP | lnGDP | lnGDP | lnGDP |
| lnFIN | 0.5371*** | 0.5144*** | 0.4866*** | 0.4217*** | 0.4157*** | 0.3970*** |
| (4.7088) | (4.0784) | (3.9242) | (3.3875) | (3.4463) | (3.5345) | |
| URBAN |
| 0.1033 | −0.0122 | −0.0092 | −0.1403 | −0.0901 |
|
| (0.4247) | (−0.0504) | (−0.0389) | (−0.6022) | (−0.4151) | |
| UR |
|
| −0.2730*** | −0.2275** | −0.2510*** | −0.1929** |
|
|
| (−3.0587) | (−2.5414) | (−2.8872) | (−2.3642) | |
| OLD |
|
|
| −0.0092*** | −0.0134*** | −0.0093*** |
|
|
|
| (−2.6998) | (−3.8415) | (−2.7754) | |
| YOUNG |
|
|
|
| 0.0130*** | 0.0108*** |
|
|
|
|
| (3.8095) | (3.3625) | |
| REV |
|
|
|
|
| −0.8788*** |
|
|
|
|
|
| (−5.7059) | |
| Constant | 6.8302*** | 6.8943*** | 7.8156*** | 8.1895*** | 8.1211*** | 8.2980*** |
| (10.9017) | (10.6787) | (11.1488) | (11.6268) | (11.8977) | (13.0437) | |
| District Fixed Effect | YES | YES | YES | YES | YES | YES |
| Time Fixed Effect | YES | YES | YES | YES | YES | YES |
| Observations | 248 | 248 | 248 | 248 | 248 | 248 |
| R-squared | 0.9975 | 0.9975 | 0.9976 | 0.9977 | 0.9979 | 0.9982 |
| r2_a | 0.9971 | 0.9971 | 0.9972 | 0.9973 | 0.9974 | 0.9978 |
| F | 22.1732*** | 11.1333*** | 10.8390*** | 10.1985*** | 11.5965*** | 16.5775*** |