| VARIABLES | GAP1 | P值 |
| UL | −0.460 | 0.228 |
| ISL | 2.055*** | 0.001 |
| OPEN | −0.150 | 0.150 |
| PCGDP | −0.308*** | 0.002 |
| RHCL | −0.0136 | 0.504 |
| GOV | 0.0196 | 0.163 |
| lnindex_aggregate (ISL ≤ 0.8262) | −0.00509 | 0.661 |
| lnindex_aggregate (ISL > 0.8262) | −0.0330*** | 0.002 |
| Constant | 4.629*** | 0.000 |
| 样本量 | 310 |
|
| R-squared | 0.835 |
|