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Table 11 Panel regression exercises. Spatial Error Models. Estimation results. Significance: * 0.10, ** 0.05, *** 0.01

From: Centrality in the macroeconomic multi-network explains the spatiotemporal distribution of country per-capita income

Dependent Variable: pcGDP. Contiguity spatial weights, Weighted EIC

Setup

Network

Coeff

p value

Stars

Lambda

Std Err

Separately

Trade

0.098

0.003

***

0.339***

0.033

Migration

0.02

0.091

*

0.341***

0.012

Finance

0.23

0.001

***

0.334***

0.069

Jointly

Trade

0.098

0.003

***

0.325***

0.033

Migration

0.017

0.088

*

0.325***

0.010

Finance

0.233

0.001

***

0.325***

0.070

Dependent Variable: pcGDP. Contiguity spatial weights, Binary EIC

Setup

Network

Coeff

p value

Stars

Lambda

Std Err

Separately

Trade

0.077

0.021

**

0.342***

0.033

Migration

0.021

0.082

*

0.348***

0.012

Finance

0.154

0.009

***

0.344***

0.058

Jointly

Trade

0.082

0.013

**

0.350***

0.033

Migration

0.034

0.079

*

0.350***

0.019

Finance

0.157

0.008

***

0.350***

0.059

Dependent Variable: pcGDP. Inverse-distance spatial weights, Weighted EIC

Setup

Network

Coeff

p value

Stars

Lambda

Std Err

Separately

Trade

0.111

0.001

***

0.065*

0.033

Migration

0.012

0.086

*

0.084***

0.007

Finance

0.195

0.004

***

0.085***

0.067

Jointly

Trade

0.108

0.002

***

− 0.100*

0.034

Migration

0.077

0.077

*

− 0.100*

0.043

Finance

0.284

0.003

***

− 0.100*

0.094

Dependent Variable: pcGDP. Inverse-distance spatial weights, Binary EIC

Setup

Network

Coeff

p value

Stars

Lambda

Std Err

Separately

Trade

0.072

0.034

**

0.047***

0.034

Migration

0.009

0.069

*

0.071*

0.005

Finance

0.134

0.049

**

0.673***

0.068

Jointly

Trade

0.085

0.009

***

0.046*

0.032

Migration

− 0.005

0.073

*

0.046*

− 0.003

Finance

0.171

0.008

***

0.046*

0.064