变量

直辖市及副省级市

(1)

地级市

(2)

超大城市和特大城市

(3)

大城市和 中小城市

(4)

金融集聚 水平高

(5)

金融集聚 水平适中

(6)

金融集聚 水平低

(7)

fin

0.032^***

0.207^***

0.098^***

0.096^***

0.077^***

0.304^***

1.401^***

(0.005)

(0.009)

(0.010)

(0.007)

(0.007)

(0.019)

(0.149)

treat × post

0.116^***

−0.020^***

−0.014^*

−0.012

0.032^*

0.005

−0.253^***

(0.020)

(0.007)

(0.007)

(0.009)

(0.019)

(0.013)

(0.071)

fin × treat × post

−0.025^***

0.007^*

0.007^**

0.002

−0.005

−0.051^***

0.995^***

(0.043)

(0.005)

(0.003)

(0.004)

(0.004)

(0.019)

(0.286)

invest

0.045

−0.014

−0.055^***

−0.007

0.063^*

−0.035^***

−0.041^**

(0.043)

(0.010)

(0.018)

(0.012)

(0.035)

(0.011)

(0.019)

cons

−1.618^***

−1.251^***

−1.113^***

−1.349^***

−1.667^***

−1.363^***

−0.504^***

(0.138)

(0.037)

(0.050)

(0.048)

(0.131)

(0.041)

(0.062)

gov

−0.199

−0.462^***

−0.452^***

−0.438^***

−0.184

−0.695^***

−0.189^***

(0.142)

(0.042)

(0.072)

(0.051)

(0.126)

(0.053)

(0.068)

sed

0.384^**

0.905^***

0.734^***

0.898^***

0.679^***

0.799^***

0.941^***

(0.166)

(0.038)

(0.058)

(0.049)

(0.125)

(0.044)

(0.088)

inno

−0.002

−0.011^***

0.010^**

−0.013^***

−0.015^*

−0.012^***

−0.015^***

(0.017)

(0.003)

(0.004)

(0.004)

(0.009)

(0.003)

(0.005)

_cons

11.005^***

8.928^***

10.158^***

8.990^***

9.702^***

8.994^***

7.984^***

(0.166)

(0.034)

(0.085)

(0.041)

(0.076)

(0.037)

(0.048)

城市固定效应

YES

YES

YES

YES

YES

YES

YES

时间固定效应

YES

YES

YES

YES

YES

YES

YES

R-squared

1.00

0.99

1.00

0.99

0.99

0.99

0.99

N

247

3419

1317

2349

715

2408

543