Table 6 Relative 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 | − 1.475*** (0.104) | − 1.510*** (0.113) | − 1.534*** (0.189) | − 1.475*** (0.198) | − 1.497*** (0.146) | − 1.565*** (0.181) |
Control variable | YES | YES | YES | YES | YES | YES |
Regional FE | NO | YES | NO | YES | NO | YES |
Time FE | NO | YES | NO | YES | NO | YES |
Constant term | 2.554 | 8.791 | 6.407 | 4.307 | 8.709 | 25.654 |
(2.547) | (12.596) | (5.998) | (14.273) | (8.512) | (33.807) | |
Observations | 90 | 90 | 45 | 45 | 45 | 45 |
R2 | 0.738 | 0.751 | 0.689 | 0.751 | 0.794 | 0.807 |
