Education

0.020^*** (0.003)

0.017^*** (0.003)

0.017^*** (0.003)

0.014^*** (0.003)

0.013^*** (0.003)

0.013^*** (0.003)

Technology Industry

0.173^*** (0.018)

0.173^*** (0.018)

0.178^*** (0.018)

0.173^*** (0.018)

0.175^*** (0.018)

0.175^*** (0.018)

Initial Investment

0.021^*** (0.005)

0.017^*** (0.005)

0.017^*** (0.005)

0.011^** (0.005)

0.008^** (0.005)

0.008^* (0.005)

Drawback

0.081^*** (0.029)

0.066^** (0.029)

0.063^** (0.029)

0.021 (0.029)

0.013 (0.029)

0.013 (0.029)

Government Subsidy

0.077^** (0.033)

0.082^** (0.033)

0.082^** (0.033)

0.061^** (0.033)

0.066^** (0.033)

0.066^** (0.033)

_cons

0.018^* (0.010)

0.012^* (0.010)

0.012^* (0.010)

0.027^*** (0.010)

0.023^** (0.010)

0.023^** (0.010)

Region

Yes

Yes

Yes

Yes

Yes

Yes

N

3194

3194

3194

3194

3194

3194

pseudo R²

0.077

0.095

0.096

0.075

0.081

0.081