变量

(1)

(2)

(3)

(4)

(5)

(6)

lnTVC1

INFX

lnTVC1

lnTVC2

INFX

lnTVC2

IFI

0.0033***

(8.1810)

0.0112***

(10.5228)

0.0021***

(4.4283)

0.0042***

(7.8204)

0.0112***

(10.5228)

0.0024***

(3.7363)

INFX

0.1009***

(3.9023)

0.1631***

(4.7415)

CITY

0.0107***

(9.6310)

0.0207***

(6.9895)

0.0086***

(7.1811)

0.0133***

(8.8982)

0.0207***

(6.9895)

0.0100***

(6.2682)

OR

−0.0022

(−1.1345)

−0.0173***

(−3.2796)

−0.0005

(−0.2540)

0.0029

(1.0786)

−0.0173***

(−3.2796)

0.0057**

(2.1877)

YR

0.0018

(1.3891)

0.0072**

(2.0411)

0.0011

(0.8607)

0.0014

(0.7994)

0.0072**

(2.0411)

0.0003

(0.1492)

GOV

0.6108***

(6.6565)

0.5351**

(2.1857)

0.5568***

(6.2095)

0.3057**

(2.4618)

0.5351**

(2.1857)

0.2185*

(1.8308)

lnGDP

0.0776***

(6.3982)

0.1846***

(5.7059)

0.0590***

(4.6635)

0.0511***

(3.1132)

0.1846***

(5.7059)

0.0210

(1.2473)

IS

0.3802***

(3.6042)

−0.0703

(−0.2499)

0.3873***

(3.8017)

−0.4096***

(−2.8687)

−0.0703

(−0.2499)

−0.3981***

(−2.9367)

_cons

2.9620***

(19.6571)

1.0953***

(2.7242)

2.8515***

(19.2378)

2.4689***

(12.1058)

1.0953***

(2.7242)

2.2903***

(11.6115)

Adj-R2

0.903

0.949

0.910

0.874

0.949

0.887

N

210

210

210

210

210

210