变量

Growth

(1)

Growth

(2)

Growth

(3)

Growth

(4)

fin

(5)

Growth

(6)

fin

0.325^***

0.114^***

0.094^***

0.097^***

(0.008)

(0.007)

(0.005)

(0.005}

treat × post

−0.068^***

−0.017^***

(0.019)

(0.006)

fin × treat × post

0.005^*

(0.003)

invest

−0.008

−0.018^*

0.113^***

−0.016

(0.011)

(0.010)

(0.035)

(0.010)

cons

−1.313^***

−1.308^***

−0.043

−1.298^***

(0.038)

(0.036)

(0.035)

(0.036)

gov

−0.408^***

−0.440^***

0.278^*

−0.450^***

(0.043)

(0.041)

(0.145)

(0.041)

sed

0.914^***

0.848^***

0.644^***

0.855^***

(0.039)

(0.037)

(0.129)

(0.038)

inno

−0.008^***

−0.009^***

0.007

−0.009^***

(0.003)

(0.003)

(0.116)

(0.003)

_cons

9.044^***

9.811^***

9.047^***

9.028^***

0.185

9.020^***

(0.035)

(0.014)

(0.033)

(0.033)

(0.116)

(0.034)

城市固定效应

YES

NO

YES

YES

YES

YES

时间固定效应

YES

NO

YES

YES

YES

YES

R-squared

0.99

0.33

0.98

0.99

0.97

0.99

N

3666

3679

3679

3666

3666

3666