Table 14 Test results of spatial spillover effects.
Coefficient | Economic distance | Geographical distance | Economic distance nesting |
|---|---|---|---|
QFDI(β1) | −0.169*** (−3.27) | −0.194*** (−4.15) | −0.157*** (−3.11) |
QFDI2(β2) | 0.263*** (2.78) | 0.299*** (3.44) | 0.251*** (2.69) |
\(W\times {{\rm {QFDI}}}\) | 0.842* (1.65) | 0.205* (1.84) | 1.035** (2.22) |
\(W\times {{{\rm {QFDI}}}}^{2}\) | −1.606* (−1.69) | −0.593*** (−2.65) | −2.171** (−2.46) |
Control | Yes | Yes | Yes |
ρ | −1.385*** | −0.280*** | −1.312*** |
\({\sigma }^{2}\) | 0.0005*** | 0.0005*** | 0.0005*** |
Individual fixed | Yes | Yes | Yes |
Time fixed | Yes | Yes | Yes |
Observational values | 574 | 574 | 574 |
R2 | 0.6800 | 0.6994 | 0.6715 |
Log-likelihood test | 1363.7163 | 1383.0433 | 1364.3343 |
