Future Business Journal

Table 11 Direct and indirect effects of the SDM model in 2010

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)	0.0055	− 0.0365	− 0.0309	− 0.0296	0.0016	− 0.0074	− 0.0058	− 0.0054
Capital	− 0.0046	0.0304	0.0257	0.0246	− 0.0017	0.0080	0.0063	0.0059
Human capital	− 0.0100	0.0657	0.0557	0.0533	–	–	–	–
(N + 0.05)	− 0.0005	0.0033	0.0028	0.0027	0.0004	− 0.0019	− 0.0015	− 0.0014
GDP(_t−1) *W	0.0002	− 0.0015	− 0.0013	− 0.0012	0.0003	− 0.0015	− 0.0012	− 0.0011
Capital* W	0.0008	− 0.0053	− 0.0045	− 0.0043	− 0.0001	0.0004	0.0003	0.0003
Human capital* W	− 0.0108	0.0710	0.0603	0.0576	–	–	–	–
(N + 0.05) *W	− 0.0009	0.0062	0.0053	0.0050	0.0000	− 0.0002	− 0.0002	− 0.0002

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