(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
---|---|---|---|---|---|---|---|---|---|
GDP growth | 0.341** | 0.326* | 0.307* | ||||||
(2.147) | (1.942) | (1.865) | |||||||
Manufacturing VA growth | 0.130*** | 0.134*** | 0.135*** | ||||||
(3.347) | (3.426) | (3.334) | |||||||
IP growth | 0.203* | 0.201** | 0.206** | ||||||
(2.028) | (2.166) | (2.381) | |||||||
Time trend | − 0.001*** | − 0.001 | 0.000 | − 0.002*** | − 0.001** | − 0.001 | − 0.002** | 0.000 | 0.001 |
(− 3.353) | (− 1.520) | (0.770) | (− 3.352) | (− 2.086) | (− 1.046) | (− 2.348) | (0.638) | (0.919) | |
Average temperature | − 0.012*** | − 0.011** | − 0.011*** | − 0.011** | − 0.010** | − 0.012** | |||
(− 3.285) | (− 2.521) | (− 3.151) | (− 2.628) | (− 2.214) | (− 2.537) | ||||
Urban population | − 0.004 | − 0.004 | − 0.011** | ||||||
(− 1.335) | (− 1.324) | (− 2.088) | |||||||
Population density | − 0.001* | − 0.001* | − 0.002** | ||||||
(− 1.920) | (− 1.896) | (− 2.097) | |||||||
Income per-capita | 0.000 | 0.000 | − 0.000 | ||||||
(0.065) | (0.108) | (− 1.200) | |||||||
Log GDP | − 0.056 | ||||||||
(− 1.601) | |||||||||
Log manufacturing VA | 0.005 | ||||||||
(0.295) | |||||||||
Log IP | − 0.042 | ||||||||
(− 1.356) | |||||||||
Constant | − 0.005 | 0.350* | 1.763* | 0.004 | 0.380* | 0.101 | 0.006 | 0.913** | 0.558** |
(− 0.529) | (1.898) | (1.825) | (0.500) | (1.838) | (0.195) | (0.399) | (2.509) | (2.511) | |
Fixed effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Clustered SE | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
R-squared | 0.061 | 0.082 | 0.086 | 0.051 | 0.074 | 0.076 | 0.058 | 0.100 | 0.092 |
Observations | 929 | 863 | 828 | 852 | 789 | 775 | 623 | 568 | 566 |
No. of countries | 36 | 36 | 36 | 36 | 36 | 36 | 30 | 30 | 30 |