Variable | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 |
Motivations | |||||
Ore | 2.361*** | 4.971*** | |||
(4.533) | (5.281) | ||||
Pat | 0.198*** | 0.432*** | |||
(3.462) | (4.735) | ||||
Gdp | 0.787*** | 1.595*** | |||
(3.652) | (11.144) | ||||
Control variables | |||||
Mob | 0.686*** | 0.146 | −0.001 | −0.182 | 0.342** |
(0.190) | (0.954) | (−0.004) | (−1.279) | (2.099) | |
Op | 1.647*** | −0.006 | 0.716* | 1.646*** | 3.325*** |
(0.410) | (−0.019) | (1.875) | (4.813) | (8.378) | |
Dis | −1.533*** | −0.711*** | −0.010 | 0.303 | −1.418*** |
(0.283) | (−2.929) | (−0.038) | (1.360) | (−4.952) | |
Exch | 0.133*** | −0.010 | 0.039 | 0.087** | 0.171*** |
(0.051) | (−0.243) | (0.939) | (2.288) | (3.861) | |
Inf | 4.629*** | 5.019*** | 5.367*** | 6.812*** | 7.957*** |
(2.492) | (2.489) | (2.674) | (3.722) | (3.829) | |
Reg | 0.523*** | −0.430*** | −0.521*** | −0.601*** | 0.355*** |
(0.121) | (−4.408) | (−5.154) | (−6.678) | (3.398) | |
R2 | 0.198 | 0.404 | 0.216 | 0.352 | 0.455 |
Adjusted R2 | 0.185 | 0.391 | 0.201 | 0.341 | 0.442 |
N | 384 | 384 | 384 | 384 | 384 |