(1)

(2)

(3)

(4)

(5)

(6)

VARIABLES

lnTSI

lnTSI

lnTSI

lnTSI

lnTSI

lnTSI

lnDige2

1.804^***

1.305^***

0.862^***

0.777^***

0.485^***

0.425^***

(9.98)

(7.42)

(5.49)

(4.93)

(3.65)

(3.36)

lnFin

0.338^***

0.158

0.198

0.179^***

0.225^***

(3.78)

(1.28)

(1.62)

(3.30)

(6.76)

lnLN

−0.690^***

−0.820^***

−0.788^***

−0.626^***

(−3.59)

(−3.70)

(−3.68)

(−4.43)

lnAO

0.055^**

0.068^***

0.051^***

(2.44)

(4.78)

(3.80)

lnIP

0.096^***

0.118^***

(6.41)

(5.93)

lnxRD

0.159^***

(3.64)

Constant

−3.112^***

−3.353^***

0.562

0.530

0.764

−0.305

(−5.95)

(−7.34)

(0.54)

(0.47)

(0.77)

(−0.46)

N

130

130

130

130

130

130

R-squared

0.649

0.765

0.817

0.826

0.874

0.897

Number of PROVINCE

13

13

13

13

13

13

F test

3.65e−07

2.13e−07

6.76e−08

4.06e−07

3.22e−09

0

r2_a

0.646

0.762

0.812

0.821

0.869

0.892

F

99.66

71.66

70.69

44.78

94.77

223.2