政治制度

经济制度

法律制度

文化制度

变量

投资选择

投资规模

投资选择

投资规模

投资选择

投资规模

投资选择

投资规模

Ln (cgdp)

0.460

(1.24)

−0.116

(−0.24)

0.477^*

(1.76)

0.465^*

(1.65)

Ln (hgdp)

0.214

(0.94)

1.149^***

(6.76)

0.206

(1.20)

0.891^***

(5.45)

0.043

(0.33)

0.698^***

(5.13)

0.054

(0.40)

0.644

(4.80)

Ln (hpgdp )

−0.352^**

(−1.96)

−0.162

(−0.78)

−0.337^**

(−2.03)

−0.569^***

(−2.63)

−0.142

(−1.03)

−0.164

(−0.89)

−0.209

(−1.15)

0.119

(0.56)

nr

−0.001

(−0.23)

0.020^**

(2.38)

0.008

(1.40)

0.021^***

(2.83)

0.005

(0.89)

0.011

(1.41)

0.004

(0.76)

0.149^*

(1.95)

htech

0.019

(0.42)

−0.046^*

(−1.71)

0.044

(1.13)

−0.017

(−0.66)

0.063

(1.39)

−0.016

(−0.57)

0.062

(1.09)

0.005

(0.17)

cc

1.449^*

(1.94)

−2.954^***

(−3.75)

ps

−0.243

(−0.68)

1.867^***

(5.12)

rq

−1.013^**

(−2.22)

1.056^*

(1.75)

va

0.058

(0.12)

0.271

(0.67)

bf

0.156

(0.84)

−0.030

(−1.42)

fnf

0.196

(0.74)

0.049^**

(2.12)

tf

−0.014

(−0.90)

0.017

(1.04)

rl

0.132

(0.67)

−0.396

(−1.63)

cul

0.151

(0.53)

−0.636^***

(−3.06)

constant

−14.671

(−1.57)

−20.215^***

(−5.31)

−0.090

(−0.01)

−13.606^***

(−3.18)

−13.182^*

(−1.66)

−8.630^***

(−2.69)

−12.743

(−1.55)

−8.947^***

(−2.90)

LR

7.51

0.0061

7.51

0.0061

0.05

0.8178

0.05

0.8178

5.61

0.0178

5.61

0.0178

4.09

0.0430

4.09

0.0430

W

66.75

66.75

47.29

47.29

31.61

31.61

40.45

40.45