变量

(1)

(2)

(3)

(4)

lnRE

lnRE_1

lnRE

lnRE

L.lnRE

0.865***

(8.45)

DE

1.084***

0.528**

1.102***

1.071**

(5.72)

(2.20)

(5.62)

(2.55)

URB

2.998***

1.883***

2.851***

−0.658***

(7.72)

(3.83)

(7.83)

(−3.79)

GOV

−2.363***

−0.441**

−2.540***

−0.396

(−13.59)

(−2.00)

(−14.29)

(−1.32)

FDI

1.576**

0.713

1.591**

0.575

(2.53)

(0.90)

(2.46)

(0.66)

SI

1.533***

2.284***

1.426***

0.688

(8.09)

(9.52)

(7.78)

(1.40)

_cons

7.656***

7.821***

7.837***

1.460

(31.55)

(25.44)

(31.91)

(1.57)

AR(1)-P值

-

-

-

0.005

AR(2)-P值

-

-

-

0.789

Hansen检验-P值

-

-

-

0.271

省份固定效应

Yes

Yes

Yes

Yes

年份固定效应

Yes

Yes

Yes

Yes

R2

0.906

0.829

0.907

Adj-R2

0.887

0.794

0.888

观测值

248

248

248

217