Variables | lnTFPt | |||
(1) | (2) | (3) | (4) | |
lnTFPt−1 | 0.843*** (60.67) | 0.912*** (54.37) | 0.821*** (44.03) | 0.893*** (40.11) |
lnGt−1 | −0.351*** (−11.86) | −0.185*** (−4.51) | −0.132*** (−2.93) | −0.094* (−1.90) |
lnHight−1 |
|
| 0.086*** (5.79) | 0.058*** (4.14) |
Indust−1 | 0.210 (1.21) | −0.004 (−0.02) | −0.031 (−0.19) | −0.597*** (−3.38) |
markett−1 | 0.128 (1.28) | 0.052 (0.84) | 0.060 (0.70) | −0.054 (−0.88) |
opent−1 | 0.032 (0.99) | 0.005 (0.15) | 0.032 (1.29) | 0.006 (0.20) |
_cons | −0.929*** (−11.20) | −0.477*** (−4.44) | −0.807*** (−7.43) | −0.491*** (−3.54) |
AR(1) | 0.0012 | 0.0023 | 0.0058 | 0.0042 |
AR(2) | 0.6523 | 0.4852 | 0.6512 | 0.3575 |
Sargan test | 1.000 | 1.000 | 1.000 | 1.000 |
N | 464 | 493 | 464 | 493 |