Tables 5.1 and 5.2 present the estimation results for 2 different models where different variables are being considered in these two models. These models are developedwith different variables sincewe could not include all the variables in one single model owing to the problem of multicollinearity. The first model includes gross regional product (GRP), openness and agglomeration along with coastal region as independent variables, whereas the second model includes average wage, inflation and infrastructure along with coastal region as independent variables. Further, for each model, the six human capital indices have been tested separately resulting in 6 specifications for each model. Each column (from 1 to 6) is used to represent separate human capital indices