Model | Spatial absolute β convergence | Spatial conditional β convergence |
---|---|---|
two-way fixed effects SEM | two-way fixed effects SDM | |
β | -0.469*** (0.027) | -0.637*** (0.033) |
W × β | 0.152** (0.076) | |
ρ/λ | 0.371*** (0.057) | 0.347*** (0.058) |
N | 492 | 492 |
R2 | 0.284 | 0.195 |
Convergence rate | 5.27% | 8.44% |