Table 10 Results of the mediating effect of GTFP on the GPT policy.
Variable name | lnREG | GTFP | lnREG | lnPREG | lnPREG |
|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | |
GTFP | 0.6894*** (0.2157) | 0.0820 (0.1006) | |||
\(pos{t}_{GPT}\) | 0.4471*** (0.0620) | 0.0508*** (0.0146) | 0.4121*** (0.0622) | 0.2115*** (0.0285) | 0.2074*** (0.0290) |
Control variable | YES | YES | YES | YES | YES |
Province fixed effect | YES | YES | YES | YES | YES |
Constant | −52.5464*** (6.6570) | −4.6153*** (1.5642) | −49.3644*** (6.6526) | −0.9714 (3.0649) | −0.5927 (3.1011) |
Sobel test | 0.0350** (0.0149) | 0.0042 (0.0052) | |||
Size of mediation effect | 0.0350 | 0.0041 | |||
Share of intermediation effect | 0.0783 | 0.0197 | |||
Sample size | 420 | 420 | 420 | 420 | 420 |
R2 | 0.9316 | 0.8192 | 0.9334 | 0.8334 | 0.8336 |
