变量

(1)

(2)

(3)

lnmeg

−0.0179**

(−2.17)

seg

0.0027**

(2.53)

0.0029**

(2.49)

lnstu

0.0238

(0.67)

0.0327

(0.93)

0.0292

(0.80)

lngov

0.5286***

(23.16)

0.4993***

(21.96)

0.5016***

(20.72)

lnexpo

0.1326***

(5.44)

0.1457***

(6.03)

0.1468***

(5.83)

lncap

−0.0081

(−0.56)

0.0011

(0.08)

0.0007

(0.05)

C

2.1088***

(5.73)

2.3394***

(6.38)

2.3997***

(6.39)

N

468

468

468

R2

0.5983

0.6038

0.6195