Table 4 Nonlinear relationship between the intensity of LEPE and the CEF.
Variables | Dependent variable: lnCEF | |||
---|---|---|---|---|
SDM | ||||
Queen | Dist | Econ | Econ-Dist | |
lnILEPE | 0.1019*** | 0.0748** | 0.0823*** | 0.0819*** |
(0.0196) | (0.0300) | (0.0298) | (0.0297) | |
(lnILEPE)2 | −0.0432*** | −0.0392*** | −0.0408*** | −0.0405*** |
(0.0078) | (0.0085) | (0.0080) | (0.0081) | |
W*lnILEPE | −0.0038 | 0.4877* | 0.0494 | 0.0497 |
(0.0518) | (0.2558) | (0.0600) | (0.0555) | |
ρ | 0.0973*** | 0.1476*** | 0.2151*** | 0.1311*** |
(0.0364) | (0.0499) | (0.0322) | (0.0285) | |
Direct effect | ||||
lnILEPE | 0.1032*** | 0.0754*** | 0.0836*** | 0.0832*** |
(0.0304) | (0.0278) | (0.0313) | (0.0305) | |
(lnILEPE)2 | −0.0436*** | −0.0396*** | −0.0412*** | −0.0409*** |
(0.0082) | (0.0092) | (0.0103) | (0.0083) | |
Indirect effect | ||||
lnILEPE | 0.0117 | 0.4124* | 0.0574 | 0.0561 |
(0.0546) | (0.2308) | (0.0598) | (0.0550) | |
(lnILEPE)2 | −0.0049 | −0.0497 | 0.0101 | 0.0094 |
(0.0141) | (0.0611) | (0.0159) | (0.0145) | |
Control variables | Yes | Yes | Yes | Yes |
City-FE | Yes | Yes | Yes | Yes |
Time-FE | Yes | Yes | Yes | Yes |
T-point | 2.3588 | 1.9082 | 2.0172 | 2.0222 |
R2 | 0.1320 | 0.1712 | 0.1479 | 0.2057 |
Hausman test | 73.57*** | 186.2*** | 185.2*** | 80.11*** |
Wald test for spatial lag | 67.88*** | 22.93*** | 34.17*** | 35.76*** |
LR test for spatial lag | 67.31*** | 26.28*** | 39.35*** | 40.54*** |
Wald test for spatial error | 71.07*** | 19.97** | 37.22*** | 38.16*** |
LR test for spatial error | 70.40*** | 22.40*** | 37.38*** | 38.18*** |
N | 2530 | 2530 | 2530 | 2530 |