Table 4 Benchmark regression results.
Variable | Cp(1) | Cp(2) |
|---|---|---|
Ec | 0.9768*** (108.69) | 0.8786*** (75.22) |
Is | – – | 0.0122 (0.89) |
Gov | – – | − 0.0898*** (− 6.9) |
Infor | – – | 0.0048*** (3.88) |
Tco | – – | − 0.0100*** (− 6.09) |
Hp | – – | 0.0029*** (5.94) |
Area fixed | YES | YES |
Time fixed | YES | YES |
Sample size | 1110 | 1110 |
R2 | 0.9143 | 0.9286 |