Impact of Logistics Development on Economic Growth: An Empirical Research from Guangdong Province in China
Table 4
Estimation results of nonspatial panel data.
Variable
Mixed OLS
Random effects
Fixed effects
lndl
1.009 [19.39]
0.9464 [23.56]
0.9523 [20.61]
lnlab
−0.4227 [−7.77]
−0.2094 [−2.83]
−0.0770 [−0.82]
lngov
0.014 [0.14]
0.1936 [2.89]
0.1587 [2.29]
lncap
0.116 [2.58]
0.1547 [4.72]
0.1448 [4.33]
lnopen
−0.026 [−1.03]
−0.1623 [−5.08]
−0.1621 [−3.65]
lnurb
−0.124 [−0.93]
0.2658 [2.59]
0.2535 [2.40]
R_squared
0.8716
0.8885
0.8896
D.W.
1.843
F test
47.58 (0.000)
LM test
811.13 (0.000)
Hausman test
12.37 (0.000)
Note: the t values and values are shown in brackets [ ] and ( ), respectively.,, and indicate statistical significance at the 10%, 5%, and 1% levels, respectively. These notes are similar in all other tables hereinafter.
