Table 17 Spatial spillover effects using the economic distance matrix.
| Â | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
Main effect | Direct effect | Indirect effect | Total effect | |
Policy | 0.010** | 0.011*** | 0.019** | 0.0290*** |
(2.812) | (2.840) | (2.459) | (3.635) | |
Control variables | Yes | Yes | Yes | Yes |
Area fixed effects | Yes | Yes | Yes | Yes |
Time fixed effects | Yes | Yes | Yes | Yes |
N | 1200 | 1200 | 1200 | 1200 |