| 
 | 当期影响 | 滞后影响 | ||
| 
 | ① | ② | ③ | ④ | 
| Internet | −0.0514*** | −0.0343*** | 
 | 
 | 
| 
 | (−13.84) | (−6.24) | 
 | 
 | 
| L.Internet | 
 | 
 | −0.0437*** | −0.0216*** | 
| 
 | 
 | 
 | (−10.27) | (−3.35) | 
| GDPper | 
 | −0.0029*** | 
 | −0.0035*** | 
| 
 | 
 | (−3.76) | 
 | (−3.78) | 
| Trade | 
 | −0.0537*** | 
 | −0.0639*** | 
| 
 | 
 | (−3.74) | 
 | (−3.44) | 
| Gov | 
 | −0.1265*** | 
 | −0.1316*** | 
| 
 | 
 | (−5.78) | 
 | (−5.65) | 
| Fin | 
 | 0.0117*** | 
 | 0.0128*** | 
| 
 | 
 | (3.38) | 
 | (3.27) | 
| Roadper | 
 | −0.0013*** | 
 | −0.0012*** | 
| 
 | 
 | (−4.58) | 
 | (−3.85) | 
| 常数项 | 0.1056*** | 0.1622*** | 0.0980*** | 0.1566*** | 
| 
 | (48.84) | (17.91) | (41.63) | (14.63) | 
| 个体固定 | 是 | 是 | 是 | 是 | 
| N | 248 | 248 | 217 | 217 | 
| R2 | 0.4700 | 0.6014 | 0.3633 | 0.5194 |