Table 5 Impact mechanism test results of government subsidies.

From: Does China’s innovation-driven policy affect enterprises’ import performance of intermediate goods?

Variable

SUB

Import quantity of intermediate goods

Import variety of intermediate goods

Import quality of intermediate goods

Step 1

Step 2

\({T}_{{it}}\)

0.1104*** (0.0039)

0.3057*** (0.0159)

0.0120*** (0.0059)

0.2201*** (0.0329)

\({D}_{{fit}}\)

 

0.0623*** (0.0345)

0.0242** (0.0127)

0.2490*** (0.0681)

SUB

 

0.3237*** (0.0173)

0.0112* (0.0087)

0.5471*** (0.0325)

Control variable

Yes

Yes

Yes

Yes

Firm fixed effect

Yes

Yes

Yes

Yes

Year fixed effect

Yes

Yes

Yes

Yes

Other interaction terms

No

Yes

Yes

Yes

N

78722

70478

58055

70045

R2

0.045

0.135

0.011

0.160

  1. Note: *, ** and *** indicate significance at the 10%, 5% and 1% levels, respectively. The robust standard errors clustered to the enterprise level are in parentheses. Other interaction terms include government subsidies and various control variables, as well as interaction terms with fixed firms and years.
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