Eastern region

Central region

Western region

VARIABLES

lnGDP

lnGDP

lnGDP

lnFIN

−0.1074

0.6986**

0.8115***

(−0.3989)

(2.3282)

(5.8118)

URBAN

−0.1391

−0.2593

0.3335

(−0.4782)

(−0.4025)

(0.6710)

UR

−0.1604

−0.1814

−0.1642

(−0.8019)

(−1.0569)

(−1.5273)

OLD

−0.0130***

−0.0021

0.0031

(−2.7711)

(−0.2465)

(0.4364)

YOUNG

0.0040

0.0057

0.0038

(0.5380)

(0.9023)

(1.0796)

REV

0.6995**

−3.3961***

−0.6510***

(2.0531)

(−8.0406)

(−4.1638)

Constant

11.3688***

7.4832***

5.1975***

(7.7323)

(4.6110)

(6.4513)

District Fixed Effect

YES

YES

YES

Time Fixed Effect

YES

YES

YES

Observations

88

64

96

R-squared

0.9981

0.9965

0.9990

r2_a

0.9975

0.9948

0.9987

F

2.1069*

21.8794***

11.5298***