直接效应

间接效应

总效应

直接效应

间接效应

总效应

Y02

−0.00127^***

−0.000335

−0.00161^***

--

--

--

(−8.83)

(−1.03)

(−4.81)

gray

--

--

--

−0.000711^**

0.000218

−0.000493

(−2.30)

(0.39)

(−0.92)

clean

--

--

--

−0.00260^***

−0.00206^*

−0.00465^***

(−4.41)

(−1.89)

(−4.14)

lnPGDP

−0.166

−0.0624

−0.228

−0.148

−0.0430

−0.191

(−1.56)

(−1.34)

(−1.54)

(−1.43)

(−1.18)

(−1.41)

UR

1.518^***

0.570^**

2.088^***

1.259^**

0.374^*

1.633^**

(2.97)

(2.00)

(2.82)

(2.55)

(1.67)

(2.40)

IS

0.989^***

0.373^**

1.362^***

0.968^***

0.282^**

1.250^***

(4.31)

(2.25)

(3.81)

(4.13)

(2.07)

(3.76)

ER

−0.868

−0.296

−1.164

−1.133

−0.324

−1.457

(−0.34)

(−0.30)

(−0.33)

(−0.44)

(−0.40)

(−0.43)

FDI

0.0656^***

0.0243^*

0.0899^***

0.0646^**

0.0181^*

0.0827^**

(2.67)

(1.96)

(2.61)

(2.51)

(1.87)

(2.52)

stock

0.146^***

0.0525^***

0.198^***

0.163^***

0.0453^***

0.209^***

(4.88)

(3.10)

(5.45)

(4.94)

(2.85)

(5.58)