| 1–20% Utility + Design | 2–40% Utility + Design | 3–60% Utility + Design | 4–80% Utility + Design |
---|---|---|---|---|
Trade 1 | 27.15*** | 34.81*** | 42.49*** | 48.34*** |
(4.794) | (8.390) | (11.47) | (22.08) | |
PGDP | 1197*** | 1208* | 226.2 | 262.2 |
(400.6) | (733.1) | (749.6) | (883.6) | |
Profit | 0.404** | 0.660 | 1.616* | 3.327* |
(0.171) | (0.601) | (0.833) | (1.772) | |
FDI | ––291.5 | −368.6 | −27.25 | 22.67 |
(418.0) | (617.7) | (448.5) | (217.9) | |
Govern | −5626 | −72.93 | 3244* | 5799 |
(4332) | (2230) | (1932) | 6307 | |
C | −11651*** | −12372*** | −13874*** | −16447*** |
(3253) | (3677) | (3647) | (5059) | |
Time Control Variable | Control | Control | Control | Control |
Individual Fixed | Yes | Yes | Yes | Yes |