Future Business Journal

Table 8 Direct and indirect effects of the SDM model in 1995

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)	0.0054	− 0.0211	− 0.0156	− 0.0144	0.0015	− 0.0056	− 0.0041	− 0.0038
Capital	0.0039	− 0.0150	− 0.0111	− 0.0103	0.0043	− 0.0162	− 0.0119	− 0.0110
Human capital	− 0.0215	0.0833	0.0618	0.0571	–	–	–	–
(N + 0.05)	− 0.0019	− 0.0073	− 0.0054	− 0.0050	− 0.0010	0.0036	0.0026	0.0024
GDP(_t−1) *W	0.0011	− 0.0043	− 0.0032	− 0.0030	0.0021	− 0.0080	− 0.0059	− 0.0054
Capital* W	− 0.0010	0.0039	0.0029	0.0027	− 0.0012	0.0045	0.0033	0.0030
Human capital* W	0.0052	− 0.0200	− 0.0149	− 0.0137	–	–	–	–
(N + 0.05)* W	0.0013	− 0.0049	− 0.0037	− 0.0034	0.0015	− 0.0055	− 0.0040	− 0.0037

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