(1)

Consume

(2)

Consume

(3)

Consume

(4)

Consume

(5)

Consume

(6)

Consume

(7)

Consume

Index

0.348***

0.220***

0.124***

0.124***

0.095***

0.077***

0.077***

(0.009)

(0.013)

(0.010)

(0.011)

(0.010)

(0.009)

(0.009)

Gap

−0.864***

−0.169***

−0.168***

−0.165***

−0.126**

−0.025

(0.069)

(0.061)

(0.062)

(0.054)

(0.050)

(0.053)

Urban

3.566***

3.567***

3.810***

2.859***

2.484***

(0.194)

(0.195)

(0.169)

(0.212)

(0.218)

Gov

−0.010

−0.038

0.378***

0.318***

(0.120)

(0.103)

(0.114)

(0.111)

Open

−0.408***

−0.248***

−0.207***

(0.039)

(0.044)

(0.043)

Pgdp

0.262***

0.244***

(0.039)

(0.038)

Inv

0.056***

(0.011)

_cons

7.835***

10.741***

7.360***

7.359***

7.476***

5.025***

4.614***

(0.049)

(0.235)

(0.246)

(0.247)

(0.213)

(0.416)

(0.409)

N

341.000

341.000

341.000

341.000

341.000

341.000

341.000

R2

0.822

0.882

0.944

0.944

0.959

0.964

0.967

固定效应

yes

yes

yes

yes

yes

yes

yes