Spatial Spillover Effects of Economic Growth Based on High-Speed Railways in Northeast China

Table 3

Regression results of two periods.

2005-2011			2012–2015
Variable	Coefficient	Asymptote t-stat	Variable	Coefficient	Asymptote t-stat
INV	0.022	0.924	INV	0.069	2.246
GOV	0.246	5.747	GOV	0.008	0.210
EMP	−0.002	−0.056	EMP	−0.066	−2.033
ACC	−4.816	−9.952	ACC	−0.129	−2.636
URB	0.060	0.445	URB	0.282	1.461
W ∗ INV	−0.042	−1.177	W ∗ INV	0.069	1.670
W ∗ GOV	0.202	7.519	W ∗ GOV	0.074	1.182
W ∗ EMP	0.045	1.215	W ∗ EMP	−0.014	−0.209
W ∗ ACC	0.990	1.369	W ∗ ACC	−0.152	−1.935
W ∗ URB	−0.383	−2.169	W ∗ RB	0.525	2.188
W ∗ y	−0.236	−5.308	W ∗ y	−0.236	−2.994
Hausman		3680.782	Hausman		15.519
LR test (spatial-fixed effects)		821.396	LR test (spatial-fixed effects)		569.970
LR test (time-period fixed effects)		31.648	LR test (time-period fixed effects)		22.614

Note. t statistics are in parentheses. Statistical significance at the 1% level. Statistical significance at the 5% level. Statistical significance at the 10% level.