(1)

(2)

(3)

(4)

(5)

Dige

0.513*** (0.032)

0.162*** (0.052)

0.157*** (0.055)

0.164*** (0.053)

0.136** (0.058)

Lninf

1.692*** (0.213)

1.683*** (0.216)

1.379*** (0.221)

1.370*** (0.220)

Lnfin

0.051 (0.167)

0.174 (0.164)

0.182 (0.164)

Lnopen

−0.310*** (0.075)

−0.306*** (0.075)

lnhum

1.183 (0.940)

Constant

12.541*** (0.017)

17.713*** (0.652)

17.627*** (0.713)

15.989*** (0.794)

13.328*** (2.256)

固定效应

R2

0.55

0.66

0.66

0.68

0.68

Obs

240

240

240

240

240