Table 16 Moderating effect of per capita GDP in the impact of digital economy.
Variable | BPS | LI | SWF | SECS |
|---|---|---|---|---|
DE | 0.0318*** (0.0062) | 0.0086*** (0.0018) | 0.0124*** (0.0045) | 0.0143*** (0.0020) |
W × DE | −0.0462*** (0.0216) | −0.0083** (0.0062) | −0.0212* (0.0157) | −0.0161** (0.0068) |
Direct Effect | 0.0324*** (0.0064) | 0.0078*** (0.0018) | 0.0132*** (0.0046) | 0.0174*** (0.0020) |
Spatial Spillover Effect | −0.0583*** (0.0338) | −0.0081** (0.0143) | −0.0282* (0.0205) | −0.0193** (0.0144) |
Total Effect | −0.0259** (0.0341) | −0.0003** (0.0145) | −0.0150* (0.0205) | −0.0019** (0.0146) |
DE×PGDP | 0.5389*** (0.0511) | 0.1620*** (0.0147) | 0.0993*** (0.0370) | 0.2787*** (0.0160) |
W×DE×PGDP | 0.4367 (0.2183) | 0.0377 (0.0627) | 0.1674 (0.1572) | 0.2303* (0.1181) |
Direct Effect | 0.4417*** (0.0465) | 0.1616*** (0.0135) | 0.0992*** (0.0336) | 0.2811*** (0.0146) |
Spatial Spillover Effect | 0.4297 (0.3500) | 0.0365 (0.1480) | 0.2548 (0.2116) | 0.2546* (0.1489) |
Total Effect | 0.8714*** (0.3532) | 0.1981 (0.1501) | 0.3540* (0.2124) | 0.5356*** (0.1509) |
Control Variables | Yes | Yes | Yes | Yes |
Individual Fixed Effects | Yes | Yes | Yes | Yes |
Time Fixed Effects | Yes | Yes | Yes | Yes |
Sigma2_e | 0.0001449*** (2.50e-06) | 0.000012*** (2.08e-07) | 0.0000758*** (1.31e-06) | 0.0000141*** (2.46e-07) |
Log-likelihood | 20297.4199 | 28691.8258 | 22493.0905 | 28154.1235 |
Spatial rho | 0.3667*** (0.0355) | 0.5712*** (0.0320) | 0.2410*** (0.0370) | 0.5343*** (0.0326) |
Adjusted R2 | 0.3417 | 0.3058 | 0.2763 | 0.3146 |
Number of Observations | 6768 | 6768 | 6768 | 6768 |
