| Invest 1 | Invest 2 | Invest 3 | Invest 4 |
cgzcfl | −0.259 | −0.715*** | −0.851*** | 0.0509 |
| (−1.49) | (−2.93) | (−2.82) | (0.20) |
llaborc | 0.0000268** | 0.0000641*** | 0.0000679*** | 0.0000210 |
| (1.97) | (3.52) | (3.00) | (1.30) |
cgzcflxllaborc | −0.00000883 | −0.0000310*** | −0.0000398*** | −0.00000849 |
| (−1.09) | (−2.74) | (−2.79) | (−0.83) |
lndistance | −0.0577 | 0.0507 | 0.282 | −0.585* |
| (−0.26) | (0.16) | (0.73) | (−1.88) |
lngdp | −0.208* | −0.456*** | −0.761*** | 0.00287 |
| (−1.85) | (−2.77) | (−4.10) | (0.02) |
lncgdp | 1.998 | 0.860 | 2.705 | −0.121 |
| (1.63) | (0.49) | (1.26) | (−0.05) |
lnhgdp | −0.0973 | −0.429*** | −0.484*** | −0.0329 |
| (−1.06) | (−3.27) | (−3.24) | (−0.23) |
lnex | 0.710*** | 1.112*** | 1.151*** | 0.591*** |
| (6.10) | (5.86) | (5.35) | (2.95) |
cd | −0.142*** | 0.0336 | −0.200* | −0.0819 |
| (−2.58) | (0.42) | (−1.84) | (−1.06) |
highex | 0.00699 | −0.00195 | 0.00877 | 0.0125 |
| (0.92) | (−0.18) | (0.86) | (1.17) |
re | −0.00706** | −0.0149*** | 0.00587 | −0.00450 |
| (−2.52) | (−3.70) | (1.23) | (−1.08) |
_cons | −23.35* | −8.923 | −25.42 | −1.864 |
| (−1.68) | (−0.45) | (−1.06) | (−0.07) |
inflate |
|
|
|
|
_cons | −2.970*** | −3.682*** | −3.297** | −706.9 |
| (−3.28) | (−2.98) | (−2.19) | (.) |
lnalpha |
|
|
|
|
_cons | −0.519** | −0.0107 | −0.0181 | −0.475 |
| (−2.39) | (−0.06) | (−0.06) | (−1.19) |
N | 195 | 195 | 195 | 195 |