变量

被解释变量(ZGDP)

SYS-GMM (全部样本)

SYS-GMM (东部省份)

SYS-GMM (中、西部省份)

ZL

0.007^***

(3.80)

0.082^*

(1.80)

0.034^*

(1.72)

ZK

0.158^***

(7.94)

0.491

(1.10)

0.260^***

(3.17)

LA

0.010^***

(5.40)

−0.050^*

(−1.67)

0.014^**

(2.35)

MA

−0.006^***

(−2.93)

−0.328^*

(−1.82)

−0.012^**

(−2.15)

ER

0.043^***

(3.64)

1.051^**

(2.28)

0.135^***

(2.96)

CP

0.003^***

(7.08)

0.004

(0.90)

0.007^*

(0.61)

SP

0.002^***

(10.54)

0.003

(0.32)

0.001^***

(5.02)

L(1)

0.559^***

(14.98)

−0.642

(−1.01)

0.479^***

(5.37)

AR(1)

−4.087^***

(0.000)

0.128

(0.898)

−3.208^***

(0.001)

AR(2)

−1.835

(0.166)

0.154

(0.878)

−0.804

(0.422)

Sargan (P-value)

27.573

(1.000)

4.072

(1.000)

16.574

(1.000)

Wald Chi2

(P-value)

2762.01

(0.000)

360.36

(0.000)

1527.74

(0.000)