Impact of Logistics Development on Economic Growth: An Empirical Research from Guangdong Province in China

Table 6

Estimation result of the SDM.

Variable	Spatial fixed effects	Time fixed effects	Space-time fixed effects
lndl	0.3469 (7.82)	0.2590 (16.24)	0.2645 (5.98)
lnlab	−0.1431 (−3.23)	0.1056 (−7.31)	0.1155 (−2.72)
lngov	0.0308 (1.05)	0.0740 (−1.92)	0.0473 (−1.49)
Lncap	0.0215 (1.27)	0.1033 (−2.63)	0.0275 (1.77)
lnopen	0.0827 (−3.97)	0.0973 (3.67)	0.0444 (−2.19)
lnurb	0.0023 (0.05)	0.0052 (−1.96)	−0.0790 (−1.91)
W lndl	−0.1610 (−3.08)	0.0089 (3.44)	−0.0958 (−2.46)
W lnlab	0.0652 (0.88)	−0.0585 (−3.86)	0.0697 (0.91)
W lngov	0.0198 (0.42)	0.0557 (0.36)	−0.1983 (−3.17)
W lncap	0.0259 (1.03)	−0.1499 (2.05)	0.0200 (0.79)
W lnopen	0.1006 (3.29)	0.1712 (4.00)	0.1713 (4.87)
W lnurb	0.2447 (2.92)	−0.4910 (−7.53)	−0.0567 (−0.69)
rho	0.8061 (29.31)	0.2554 (−7.53)	0.1569 (1.96)
R_squared	0.9308	0.9481	0.6902
Log-L	396.7439	394.0594	462.4181