Explanatory variable & control variables

FE

RE

ln P e r E d u i t

0.3227*

(0.055)

0.4609***

(0.000)

ln P e r A s I n v i t

0.1799***

(0.003)

0.1617**

(0.017)

L n l n L a b o r i t

1.1406

(0.316)

0.0489

(0.751)

_cons

−1.3298

(0.806)

6.4363***

(0.000)

R-squared

0.8792

0.8775

F

44.32

623.23