Table 6 Benchmark regression results.
Variables | Model 1 | Model 2 |
|---|---|---|
CEE | CEE | |
DE | 0.076** (2.21) | 0.086*** (2.62) |
IC | − 0.153*** (− 3.24) | |
UL | − 0.300 (− 0.72) | |
OPE | 0.354*** (3.14) | |
GOV | − 0.184 (− 1.02) | |
UGC | 0.265 (0.68) | |
HCL | 1.430 (0.37) | |
Constant | 0.538*** (4.17) | 0.991*** (3.79) |
Year fixed | Y | Y |
Region fixed | Y | Y |
N | 300 | 300 |
R2 | 0.752 | 0.755 |