Table 8 The result of fixed effect and spatial autoregressive model
Variable | Model 4 | Model 5 | Model 6 |
|---|---|---|---|
lnPOR | 0.085 (0.051) | 0.076 (0.06) | 0.089 (0.059) |
lnPOU | −0.047 (0.065) | −0.041 (0.026) | −0.051 (0.026)** |
lnPCGDP | 1.01 (0.389)** | 0.92 (0.197)*** | 1.042 (0.184)*** |
lnPD | 2.153 (1.485) | 2.04 (0.72)** | 2.024 (0.715)** |
lnEDU | −0.17 (0.078)** | −0.163 (0.075)** | −0.163 (0.075)** |
lnUR | −0.595 (0.578) | −0.565 (0.366) | −0.567 (0.363) |
lnBED | −0.199 (0.226) | −0.187 (0.139) | −0.201 (0.138) |
lnMF | −0.722 (0.528) | −0.759 (0.372)** | −0.687 (0.37)* |
Year | |||
2012 | −0.28 (0.054)*** | −0.248 (0.049)*** | −0.361 (0.065)*** |
2013 | −0.477 (0.084)*** | −0.42 (0.067)*** | −0.619 (0.101)*** |
2014 | −0.684 (0.118)*** | −0.602 (0.087)*** | −0.898 (0.144)*** |
2015 | −0.808 (0.148)*** | −0.348 (0.104)*** | −1.076 (0.179)*** |
2016 | −0.88 (0.169)*** | −0.773 (0.113)*** | −1.166 (0.192)*** |
2017 | −0.91 (0.195)*** | −0.802 (0.122)*** | −1.194 (0.196)*** |
Intercept | −3.174 (6.93) | ||
ρ | 0.12 (0.093) | −0.475 (0.292) | |
No. Obs | 217 | 217 | 217 |
R-squared | 0.148 | 0.139 | 0.137 |