(1)

(2)

(3)

(4)

(5)

东部

中部

西部

恢复期

抵御期

变量

ER

ER

ER

ER

ER

Db

5.162^** (2.576)

20.070^*** (4.592)

8.749^** (3.933)

−7.278^* (4.059)

14.294^*** (2.474)

Inter

−5.727 (7.963)

−44.057^* (22.497)

−16.044 (14.300)

−56.977^*** (19.483)

−14.479^* (8.449)

Infra

−0.111^* (0.058)

0.486^** (0.186)

−0.413^*** (0.062)

−0.077 (0.052)

−0.185^*** (0.068)

Retail

−1.597 (1.426)

−2.162 (1.776)

−1.418 (1.362)

−4.870^*** (1.407)

−2.849^** (1.127)

People

−0.001^** (0.001)

0.010 (0.009)

0.016^** (0.007)

−0.001 (0.001)

−0.001 (0.001)

PAD

−0.025 (0.029)

0.092 (0.075)

−0.035 (0.038)

0.065^* (0.035)

−0.050^* (0.027)

样本量

198

144

198

150

390

个体固定

YES

YES

YES

YES

YES

时间固定

YES

YES

YES

YES

YES

R²

0.242

0.388

0.468

0.584

0.360