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 | − 0.546*** | − 0.469*** | − 0.545*** | − 0.595*** | − 0.126* |
 Std. error | 0.067 | 0.070 | 0.069 | 0.052 | 0.071 |
 Human capital | 0.441*** | 0.336*** | 0.343*** | 0.505*** | 0.329*** |
 Std. error | 0.060 | 0.063 | 0.065 | 0.046 | 0.056 |
 Per capita GDP | 1.181*** | 1.254*** | 1.152*** | 1.210*** | 0.975*** |
 Std. error | 0.040 | 0.043 | 0.041 | 0.306 | 0.040 |
 Institutional quality | 0.614*** | 0.507*** | 0.675*** | 0.592*** | 0.467*** |
 Std. error | 0.090 | 0.098 | 0.096 | 0.071 | 0.088 |
 Transport infrastructure | 0.025 |  |  |  |  |
 Std. error | 0.026 |  |  |  |  |
 Telecommunication infrastructure |  | 0.240*** |  |  |  |
 Std. error |  | 0.048 |  |  |  |
 Energy infrastructure |  |  | 0.091*** |  |  |
 Std. error |  |  | 0.020 |  |  |
 Financial infrastructure |  |  |  | 0.089*** |  |
 Std. error |  |  |  | 0.009 |  |
 Aggregate infrastructure |  |  |  |  | 0.305*** |
 Std. error |  |  |  |  | 0.024 |
 ADJ. R2 | 0.84 | 0.84 | 0.84 | 0.85 | 0.86 |
Dynamic ordinary least square | |||||
 Exchange rate | − 0.443** | − 0.531*** | − 0.560*** | − 0.480*** | − 0.473*** |
 Std. error | 0.264 | 0.242 | 0.224 | 0.209 | 0.210 |
 Human capital | 0.735*** | 0.609*** | 0.727*** | 0.606*** | 0.460*** |
 Std. error | 0.288 | 0.204 | 0.192 | 0.185 | 0.143 |
 Per capita GDP | 1.143*** | 1.196*** | 1.204*** | 1.197*** | 0.748*** |
 Std. error | 0.150 | 0.159 | 0.129 | 0.109 | 0.130 |
 Institutional quality | 0.038 | 0.396 | 0.165 | 0.008 | 0.009 |
 Std. error | 0.456 | 0.340 | 0.355 | 0.265 | 0.242 |
 Transport infrastructure | 0.183 |  |  |  |  |
 Std. error | 0.209 |  |  |  |  |
 Telecommunication infrastructure |  | 0.016 |  |  |  |
 Std. error |  | 0.175 |  |  |  |
 Energy infrastructure |  |  | 0.073** |  |  |
 Std. error |  |  | 0.014 |  |  |
 Financial infrastructure |  |  |  | 0.123*** |  |
 Std. error |  |  |  | 0.036 |  |
 Aggregate infrastructure |  |  |  |  | 0.357*** |
 Std. error |  |  |  |  | 0.067 |
 ADJ. R2 | 0.84 | 0.85 | 0.84 | 0.85 | 0.86 |