(1)

(2)

(3)

变量

ER

ER

ER

Db

−0.830*** (0.278)

5.420*** (1.559)

8.342*** (1.698)

Inter

−14.533** (5.835)

Infra

−0.174*** (0.039)

Retail

−1.331 (0.829)

People

−0.002*** (0.000)

PAD

−0.019 (0.020)

常数项

0.243*** (0.081)

个体固定

NO

YES

YES

时间固定

NO

YES

YES

样本量

540

540

540

R2

0.016

0.240

0.278