ECB | 0.048*** (2.756) | 0.112*** (6.468) | 0.052*** (2.970) | 0.042*** (2.486) | 0.083*** (4.766) | 0.084*** (4.830) |
EXPL | −0.109*** (−6.891) | −0.194*** (−12.277) | −0.178*** (−11.201) | 0.068*** (4.463) | −0.122*** (−7.725) | −0.129*** (−8.158) |
NUME | 0.115*** (7.982) | −0.055*** (−3.794) | −0.012 (−0.842) | 0.223*** (15.970) | 0.063*** (4.343) | 0.056*** (3.827) |
PLS | 0.047*** (2.690) | 0.073*** (4.241) | 0.024 (1.378) | 0.085*** (5.063) | 0.073*** (4.229) | 0.072*** (4.170) |
EAST | −0.073*** (−5.257) | −0.043*** (−3.091) | −0.039*** (−2.768) | −0.154*** (−11.422) | −0.095*** (−6.801) | −0.091*** (−6.559) |
YEAR | 控制 | 控制 | 控制 | 控制 | 控制 | 控制 |
F | 14.101 | 13.604 | 10.091 | 33.351 | 11.779 | 11.578 |
R2 | 0.049 | 0.047 | 0.035 | 0.108 | 0.041 | 0.040 |
调整后R2 | 0.045 | 0.044 | 0.032 | 0.105 | 0.037 | 0.037 |
Sig . | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |