Table 5 Absolute convergence test of value conversion efficiency of ecological products in South collective forest area \(\varvec{\upbeta\:}\).
Variable | Overall region | Coastal areas | Inland area | |||
|---|---|---|---|---|---|---|
Random effects | Fixed effects | Random effects | Fixed effects | Random effects | Fixed effects | |
\(\beta\:\)Coefficient | − 1.402*** (0.101) | − 1.496*** (0.104) | − 1.191*** (0.162) | − 1.339*** (0.170) | − 1.450*** (0.135) | − 1.582*** (0.148) |
Regional FE | NO | YES | NO | YES | NO | YES |
Time FE | NO | YES | NO | YES | NO | YES |
Constant term | 0.157 | 9.880 | 3.525 | 3.525 | 0.186 | 33.394 |
(0.021) | (11.661) | (0.119) | (12.983) | (0.033) | (31.816) | |
Observations | 90 | 90 | 45 | 45 | 45 | 45 |
R2 | 0.726 | 0.771 | 0.797 | 0.797 | 0.8196 | 0.8196 |
