The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Variables | Transport infrastructure | Telecommunication infrastructure | Energy infrastructure | Financial infrastructure | Aggregate infrastructure |
---|---|---|---|---|---|
Long-run results | |||||
 Exchange rate | − 0.8650*** | − 0.6846** | − 0.8017*** | − 4.1071*** | − 3.4787*** |
 Std. error | 0.2376 | 0.3581 | 0.2989 | 0.4929 | 0.7478 |
 Human capital | − 0.0136 | − 0.1006 | − 0.0305 | − 1.3230* | 0.7265* |
 Std. error | 0.2848 | 0.3298 | 0.3390 | 0.8826 | 0.4233 |
 Per capita GDP | 1.3501*** | 1.3395*** | 1.3543*** | 3.0160*** | 2.7465*** |
 Std. error | 0.1807 | 0.1735 | 0.1348 | 0.3011 | 0.6561 |
 Institutional quality | − 0.2859 | − 0.6712** | − 0.5844*** | 0.7035 | 1.5687*** |
 Std. error | 0.2488 | 0.3039 | 0.2682 | 0.7742 | 0.3632 |
 Transport infrastructure | − 0.1078** |  |  |  |  |
 Std. error | 0.0554 |  |  |  |  |
 Telecommunication infrastructure |  | − 0.0464 |  |  |  |
 Std. error |  | 0.1958 |  |  |  |
 Energy infrastructure |  |  | − 0.0247 |  |  |
 Std. error |  |  | 0.1032 |  |  |
 Financial infrastructure |  |  |  | 0.3237*** |  |
 Std. error |  |  |  | 0.0802 |  |
 Aggregate infrastructure |  |  |  |  | − 0.4292*** |
 Std. error |  |  |  |  | 0.1751 |
Short-run results | |||||
 Exchange rate | 2.5839*** | 2.2407** | 2.5519*** | 2.5864 | 4.3304 |
 Std. error | 0.1816 | 0.7701 | 1.0489 | 1.6439 | 2.9042 |
 Human capital | 0.0903 | 0.3284*** | 0.0070 | − 0.9086 | 0.9416 |
 Std. error | 1.4475 | 0.1039 | 1.3530 | 1.5923 | 0.8382 |
 Per capita GDP | 3.3435*** | 3.3054*** | 3.5189*** | 3.0206** | 1.3757 |
 Std. error | 1.1054 | 0.7950 | 1.0498 | 1.4649 | 0.4562 |
 Institutional quality | − 1.6697 | − 1.1406 | − 1.4167 | − 0.6815 | − 1.6054 |
 Std. error | 1.4140 | 1.1943 | 1.2166 | 0.9362 | 0.6058 |
 Transport infrastructure | 0.2748 |  |  |  |  |
 Std. error | 0.3606 |  |  |  |  |
 Telecommunication infrastructure |  | − 0.5274** |  |  |  |
 Std. error |  | 0.2918 |  |  |  |
 Energy infrastructure |  |  | − 0.2832 |  |  |
 Std. error |  |  | 0.3510 |  |  |
 Financial infrastructure |  |  |  | 0.0257 |  |
 Std. error |  |  |  | 0.0802 |  |
 Aggregate infrastructure |  |  |  |  | 0.0113 |
 Std. error |  |  |  |  | 0.1587 |
 Constant | − 0.7986*** | − 0.5983*** | − 0.6599*** | 0.9704* | − 1.3201 |
 Std. error | 0.1693 | 0.2918 | 0.1424 | 0.6286 | 1.7275 |
 ECT(−1) | − 0.436*** | − 0.3745*** | − 0.4001*** | − 0.3108* | − 0.6665** |
 Std. error | 0.181 | 0.1707 | 0.1622 | 0.2096 | 0.2864 |
 Hausman test (P-values) | 0.8237 | 0.987 | 0.8060 | 0.2345 | 0.986 |
 Pearson CD test (P-values) | 0.8372 | 0.5491 | 0.4414 | 0.6660 | 0.5327 |