Future Business Journal

Table 12 Direct and indirect effects of the SDM model in 2015

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)	0.1080	− 0.1616	− 0.0536	− 0.0415	0.0124	− 0.0381	− 0.0257	− 0.0231
Capital	− 0.0349	0.0523	0.0173	0.0134	− 0.0035	0.0107	0.0072	0.0065
Human capital	0.0216	− 0.0324	− 0.0107	− 0.0083	–	–	–	–
(N + 0.05)	− 0.0348	0.0521	0.0173	0.0134	− 0.0030	0.0091	0.0061	0.0055
GDP(_t−1) *W	0.0270	− 0.0405	− 0.0134	− 0.0104	− 0.0014	0.0042	0.0028	0.0025
Capital* W	0.0023	− 0.0034	− 0.0011	− 0.0009	0.0004	− 0.0013	− 0.0009	− 0.0008
Human capital* W	− 0.2201	0.3293	0.1092	0.0845	–	–	–	–
(N + 0.05)* W	0.0142	− 0.0212	− 0.0070	− 0.0054	0.0026	− 0.0079	− 0.0053	− 0.0048

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