变量

系统GMM模型

economy

debt

0.0500^***

(3.86)

debt2

−0.0145^**

(−2.13)

L.quality

0.5626^***

(20.77)

urban

0.1173^**

(2.01)

structure

0.0479

(0.84)

tax

0.2455^***

(3.81)

open

0.1346^***

(23.62)

inflation

0.1752^***

(3.89)

growth

−0.1856

(−0.36)

C

0.0064

(0.43)