Table 7. Endogenous Growth Model with Diagnostics for Spatial Models (continued).
|
Sectors |
Manufacturing |
Wholesale/Retail Trade |
Government | ||||
|
Modelsa |
OLS |
_______ML-HET_______ |
OLS |
______GM-HET______ |
OLS |
_____GM-HET______ | |
|
Variables |
Low |
High |
Low High |
Low High | |||
|
Constant |
-0.459*** |
-1.660*** |
0.332 |
-0.200* |
-0.252** -0.280 |
0.170 |
0.066 0.331 |
|
Human capital |
-0.012 |
-0.001 |
-0.002 |
0.010** |
0.020*** 0.006 |
0.036 |
0.018 -0.046 |
|
Spillover human capital |
0.042*** |
0.058*** |
0.014 |
-0.004 |
-0.006 0.001 |
-0.002 |
0.001 -0.007 |
|
Spatial domestic effect |
-0.048** |
-0.032** |
-0 114*** |
0.007 |
-0.058*** -0.001 |
-0.046 |
-0.046** 0.032 |
|
Catch-up |
0.046*** |
0.055*** |
0.070*** |
-0.002 |
0.033*** 0.016 |
0.015*** |
0.02*** 0.02*** |
|
Log labor ratio |
-0.829* |
-1 711*** |
-0.569 |
-0.593*** |
-1.005*** -0.195 |
-0.157 |
-0.649** 0.179 |
|
Log capital ratio |
0.386* |
0.935*** |
0.260 |
0.310*** |
0.502*** 0.135 |
0.045 |
0.330** -0.137 |
|
Spatial AR parameter |
-0.180 |
0.156*** |
0.400*** | ||||
|
R2 adjusted0 |
0.60 -26.17 |
0.45 -112.11 |
0.41 -83.79 | ||||
|
LIK |
20.08 |
63.05 |
48.90 | ||||
|
JB |
3.81 |
3.83 |
3.07 | ||||
|
BPd |
14.56** |
16.54*** |
20.57*** | ||||
|
Chow-Walde |
60.81*** |
35.01*** |
13.68** | ||||
|
I |
-0.08 |
0.07 |
Q19*** | ||||
|
LM-error |
0.65 |
0.35 |
3.02* | ||||
|
Robust LM-error |
2.77* |
3.86** |
10 47*** | ||||
|
LM-Iag |
4.25** |
0.06 |
0.076 | ||||
|
Robust LM-Iag |
6.36** |
3.58*** |
7.53*** | ||||
|
LM-SARMA______ |
__________7.02** |
3.94 |
10.55*** | ||||
|
,' Significance at the 1, |
5 and 10% level is |
' 1 AL *** ** signaled by , |
and *, respectively. | ||||
b Spatial Autoregressive parameter of the spatial error model.
cJarque Bera test for normality of the errors.
d Breusch-Pagan test with random coefficients as the alternative hypothesis.
c Chow-Wald test for stability of coefficients across regimes.