Table 6 Regression results of robustness test.
Variable | (1) Shi | (2) Shi | (3) Shi | (4) Shi | (5) Shi |
|---|---|---|---|---|---|
Dig | 0.1331*** (7.87) | 0.1324*** (7.59) | 0.1024* (1.82) | 0.1474*** (6.22) | 0.0889*** (5.93) |
Control variable | NO | YES | YES | YES | YES |
Cons | 3.8474*** (14.87) | 3.6732*** (15.66) | 0.7428* (1.87) | 2.8389*** (12.35) | 2.9894*** (11.88) |
Regional | NO | YES | YES | YES | YES |
Time | NO | YES | YES | YES | YES |
N | 3510 | 3510 | 1890 | 3510 | 3510 |
R2 | 0.8971 | 0.8988 | 0.8475 | 0.8935 | 0.8857 |