(1)主效应

(2)高老龄化

(3)中老龄化

(4)低老龄化

Market

0.166***

0.168***

0.081**

0.185***

(0.022)

(0.040)

(0.035)

(0.039)

Urb

4.239***

−0.038

6.542***

6.901***

(0.616)

(1.015)

(0.876)

(1.224)

Gov

1.850***

1.769*

1.621***

1.505**

(0.341)

(0.995)

(0.502)

(0.622)

Tal

22.299***

81.267***

−13.023

30.206

(6.841)

(12.917)

(8.926)

(19.980)

Open

−0.912***

−1.152***

−0.805***

−0.778***

(0.113)

(0.207)

(0.176)

(0.193)

Pgdp

0.972***

1.163***

0.968***

0.689***

(0.077)

(0.137)

(0.101)

(0.190)

Ind

1.565***

2.379***

0.107

2.108***

(0.319)

(0.644)

(0.482)

(0.575)

_cons

1.357***

2.286***

2.131***

−0.080

(0.222)

(0.443)

(0.325)

(0.361)

N

510.000

170.000

170.000

170.000

R²

0.954

0.961

0.968

0.956

固定效应

是

是

是

是