Variables | Model 1 | Model 2 | Model 3 |
lnIFDI | −0.0160*** (−5.96) |
|
|
lnIFDI × lnTECH | 0.0066*** (11.48) |
|
|
lnOFDI |
| −0.0131*** (−7.55) |
|
lnOFDI × lnTECH |
| 0.0077*** (12.89) |
|
lnIDL |
|
| −0.0280*** (−8.12) |
lnIDL × lnTECH |
|
| 0.0145*** (12.99) |
lnDSC | 0.2344*** (9.19) | 0.2373*** (9.23) | 0.2366*** (9.38) |
lnEXS | −0.0156*** (−8.02) | −0.0130*** (−4.35 ) | −0.0128*** (−4.25) |
lnK/L | 0.0109*** (4.01) | 0.0138*** (5.47) | 0.0138*** (5.56) |
lnSIZE | 0.0020 (0.89) | 0.0016 (0.97) | 0.0022 (1.42) |
_Cons | 0.0720** (2.50) | 0.0061 (0.31) | 0.0190 (0.91) |
Industry fixed effect | YES | YES | YES |
Time fixed effect | YES | YES | YES |
Hausman Test | Prob > chi2 = 0.0057 | Prob > chi2 = 0.0002 | Prob > chi2 = 0.0001 |
Wald Test | Prob > chi2 = 0.0000 | Prob > chi2 = 0.0000 | Prob > chi2 = 0.0000 |
Wooldridge Test | Prob > F = 0.0043 | Prob > F = 0.0040 | Prob > F = 0.0039 |
FE or RE | FE | FE | FE |