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Variable | (1) | (2) | (3) | (4) | (5) |
---|---|---|---|---|---|
Intercept | −0.476 (0.10) | −0.315 (0.17) | −0.187 (0.37) | −0.179 (0.49) | 0.053 (0.73) |
lnPAX | 0.055** (0.03) | 0.056** (0.03) | 0.063** (0.01) | – | – |
lnGNIcap | 0.036 (0.14) | – | – | 0.048* (0.05) | – |
Income group | – | 0.052 (0.18) | – | – | 0.068* (0.07) |
Business model dummy | 0.500*** (0.00) | 0.495*** (0.00) | 0.470*** (0.00) | 0.548*** (0.00) | 0.542*** (0.00) |
Ownership dummy | 0.000 (0.99) | 0.008 (0.90) | 0.021 (0.75) | 0.021 (0.76) | 0.032 (0.63) |
R 2 | 0.52 | 0.52 | 0.51 | 0.50 | 0.50 |