Explanatory variables

Model (1)

Model (1)

Model (1)

Model (1)

Model (1)

Model (1)

VAdist

−0.489***

(0.134)

PSdist

−0.400***

(0.138)

Gedist

−0.603***

(0.175)

RQdist

−0.778***

(0.158)

RLdist

−0.620***

(0.153)

CRdist

−0.642***

(0.132)

Experienced

0.675***

(0.205)

0.729***

(0.202)

0.691***

(0.203)

0.668***

(0.203)

0.662***

(0.205)

0.662***

(0.206)

lngdp

0.081

(0.067)

0.084

(0.069)

0.090

(0.072)

0.103

(0.073)

0.123*

(0.071)

0.098

(0.071)

Trade

0.004*

(0.002)

0.006***

(0.002)

0.007***

(0.002)

0.007***

(0.002)

0.007***

(0.002)

0.007***

(0.002)

Raw

−0.003

(0.003)

0.001

(0.003)

0.002

(0.003)

0.002

(0.003)

0.001

(0.003)

0.001

(0.003)

Inter

0.016***

(0.006)

0.010*

(0.005)

0.013**

(0.006)

0.019***

(0.006)

0.018***

(0.006)

0.020***

(0.006)

Tech

−0.017*

(0.009)

−0.020**

(0.009)

−0.020**

(0.010)

−0.020**

(0.010)

−0.021**

(0.010)

−0.021**

(0.009)

Ruralp

0.022***

(0.008)

0.024***

(0.008)

0.026***

(0.008)

0.022***

(0.009)

0.023***

(0.008)

0.023***

(0.008)

lnrate

−0.007

(0.044)

−0.015

(0.044)

0.000

(0.044)

−0.016

(0.041)

−0.022

(0.042)

−0.019

(0.043)

lndist

0.149

(0.183)

−0.054

(0.191)

0.117

(0.190)

0.136

(0.197)

0.102

(0.190)

0.077

(0.191)

Sector

−0.548***

(0.165)

−0.582***

(0.163)

−0.587***

(0.164)

−0.604***

(0.165)

−0.601***

(0.165)

−0.552***

(0.165)

_cons

−1.868

(2.917)

−0.728

(2.999)

−2.518

(3.059)

−2.900

(3.150)

−3.194

(3.054)

−2.399

(3.069)

N

2352

2352

2352

2352

2352

2352

Wald χ²

55.41***

45.20***

46.30***

57.77***

54.91***

62.00***

Loglikely-hood

−629.931

−633.921

−631.179

−626.243

−629.606

−626.941

LR χ²

65.30***

57.32***

62.80***

72.67***

65.95***

71.27***