变量

(1)

(2)

(3)

(4)

EM

EM

EM

EM

DECO

0.0959***

0.0959***

0.0957***

0.0938***

(0.0175)

(0.0178)

(0.0179)

(0.0182)

RGDP

−0.0003

-0.0004

−0.0004

(0.0008)

(0.0012)

(0.0012)

GOV

−0.0054

-0.0054

−0.0028

(0.0327)

(0.0355)

(0.0356)

INST

0.0136

−0.0023

(0.0360)

(0.0385)

MARK

0.0005

−0.0006

(0.0019)

(0.0018)

HCAP

0.3777

(0.4083)

FDI

0.1033

(0.0859)

常数项

0.5575***

0.5617***

0.5569***

0.5525***

(0.0044)

(0.0113)

(0.0158)

(0.0164)

个体效应

时间效应

样本容量

270

270

270

270

省份数量

30

30

30

30

调整的R2

0.3282

0.3238

0.3189

0.3200