Future Business Journal

Table 10 Direct and indirect effects of the SDM model in 2005

From: Growth spillover: a spatial dynamic panel data and spatial cross section data approaches in selected Asian countries

	With human capital				Without human capital
	Indirect effect	Direct effect	Total effect	β	Indirect effect	Direct effect	Total effect	β
GDP(_t−1)	0.1323	− 0.1825	− 0.0503	− 0.0388	0.0672	− 0.0948	− 0.0276	− 0.0212
Capital	− 0.0428	0.0591	0.0163	0.0126	− 0.0232	0.0327	0.0095	0.0073
Human capital	− 0.1463	0.2019	0.0556	0.0430	–	–	–	–
(N + 0.05)	0.0119	− 0.0164	− 0.0045	− 0.0035	0.0115	− 0.0162	− 0.0047	− 0.0036
GDP(_t−1) *W	0.0743	− 0.1025	− 0.0282	− 0.0218	0.0127	− 0.0179	− 0.0052	− 0.0040
Capital *W	− 0.0094	0.0129	0.0036	0.0028	− 0.0075	0.0106	0.0031	0.0024
Human capital* W	− 0.3209	0.4428	0.1219	0.0942	–	–	–	–
(N + 0.05)* W	− 0.0311	0.0429	0.0118	0.0091	0.0032	− 0.0045	− 0.0013	− 0.0010

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