变量

lnTC

Model 1

Model 2

FE

SDM (W1)

lnP

0.9986***

−0.6222***

(144.75)

(−29.23)

lnRPGDP

1.0279***

−0.6033***

(83.41)

(−23.11)

lnEE

−1.0453***

0.5938***

(−92.53)

(23.86)

lnES

0.0283

0.0016

(1.32)

(0.04)

lnCZH

−0.1266***

0.0323

(−7.21)

(1.12)

lnIS

0.0012

0.043**

(0.09)

(2.10)

lnFDI

0.0191***

0.0480***

(4.37)

(7.95)

R2

0.9331

Log-L

717.8829

σ2

0.6738