(1)

(2)

(3)

(4)

(5)

(6)

VARIABLES

lnTSI

lnTSI

lnTSI

lnTSI

lnTSI

lnTSI

lnDige

0.373^***

0.339^***

0.257^***

0.247^***

0.151^**

0.092^*

(33.09)

(16.78)

(8.58)

(8.10)

(2.96)

(1.87)

lnFin

0.091^**

0.030

0.091

0.121^**

0.185^***

(2.38)

(0.44)

(1.38)

(2.29)

(4.17)

lnLN

−0.470^***

−0.610^***

−0.724^***

−0.677^***

(−3.89)

(−4.34)

(−4.29)

(−5.49)

lnAO

0.075^***

0.080^***

0.066^***

(4.88)

(6.02)

(4.12)

lnIP

0.070^**

0.105^***

(2.88)

(3.41)

lnxRD

0.140^***

(3.13)

Constant

0.254^***

−0.030

1.862^***

1.411^**

1.603^**

0.829

(4.52)

(−0.24)

(3.78)

(2.61)

(2.61)

(1.69)

Observations

130

130

130

130

130

130

R-squared

0.814

0.819

0.839

0.858

0.874

0.890

N

13

13

13

13

13

13

PROVINCE FE

YES

YES

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

YES

YES

F test

0

0

4.22e−10

1.42e−09

1.87e−09

0

r2_a

0.813

0.816

0.835

0.853

0.869

0.884

F

1095

477.8

170.4

120.4

104.1

212.2