变量

(1)

(2)

(3)

(4)

(5)

(6)

lnTVC

lnTVC

lnTVC1

lnTVC1

lnTVC2

lnTVC2

IFI

0.0017^***

(18.1439)

0.0006^***

(3.8101)

0.0014^***

(22.9672)

0.0008^***

(6.8958)

0.0023^***

(19.4388)

0.0013^***

(6.0774)

CITY

0.0143^***

(5.1305)

0.0093^***

(6.5260)

0.0120^***

(5.3094)

OR

−0.0049^**

(−2.2475)

−0.0096^***

(−4.2361)

−0.0035

(−1.4059)

YR

−0.0071^***

(−3.1387)

−0.0040^*

(−1.7078)

−0.0040^**

(−2.3688)

IS

0.6256^***

(3.4378)

0.5137^***

(3.3642)

0.3624^*

(1.7627)

GOV

0.0800^***

(5.5172)

0.0938^***

(5.2404)

0.2460^***

(5.4783)

lnGDP

0.1314^***

(2.8909)

0.0670^***

(4.8345)

0.1301^***

(4.1447)

_cons

4.6508^***

(181.9868)

2.6746^***

(6.8417)

5.0122^***

(115.5965)

3.8931^***

(24.1657)

4.0426^***

(68.0060)

2.1935^***

(6.3847)

Adj-R²

0.845

0.914

0.410

0.844

0.560

0.826

N

210

210

210

210

210

210