| (1) | (2) | (3) | (4) | (5) | (6) |
VARIABLES | lnGDP | lnGDP | lnGDP | lnGDP | lnGDP | lnGDP |
lnFIN | 0.6619*** | 0.6203*** | 0.5853*** | 0.4620*** | 0.4600*** | 0.4649*** |
(5.0587) | (4.4054) | (4.2055) | (3.3987) | (3.5016) | (3.9514) | |
URBAN |
| 0.2745 | 0.3122 | 0.3712 | 0.2445 | 0.1063 |
| (0.8058) | (0.9303) | (1.1571) | (0.7837) | (0.3794) | |
UR |
|
| −0.2595*** | −0.1248 | −0.1546 | −0.0283 |
|
| (−2.6657) | (−1.2734) | (−1.6258) | (−0.3247) | |
OLD |
|
|
| −0.0177*** | −0.0217*** | −0.0180*** |
|
|
| (−4.3397) | (−5.3187) | (−4.8569) | |
YOUNG |
|
|
|
| 0.0128*** | 0.0098*** |
|
|
|
| (3.7511) | (3.1735) | |
REV |
|
|
|
|
| −1.0440*** |
|
|
|
|
| (−6.8147) | |
Constant | 6.1351*** | 6.2107*** | 7.0570*** | 7.6073*** | 7.5156*** | 7.5741*** |
(8.5674) | (8.5916) | (9.0591) | (10.0778) | (10.2961) | (11.5860) | |
District Fixed Effect | YES | YES | YES | YES | YES | YES |
Time Fixed Effect | YES | YES | YES | YES | YES | YES |
Observations | 224 | 224 | 224 | 224 | 224 | 224 |
R-squared | 0.9977 | 0.9977 | 0.9977 | 0.9980 | 0.9981 | 0.9985 |
r2_a | 0.9972 | 0.9972 | 0.9973 | 0.9975 | 0.9977 | 0.9982 |
F | 25.5903*** | 13.0959*** | 11.3843*** | 14.0651*** | 14.8611*** | 23.1827*** |