Table 3 Robustness test analysis.
(1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
gtfpe | gtfpe | gtfpe | gtfpe | gtfpe | |
nedp | 0.4437*** (0.1616) | 0.5484*** (0.1945) | 0.2793** (0.1229) | 0.5045*** (0.1791) | 0.4921*** (0.1778) |
dtzc | 0.2445* (0.1275) | ||||
pgdp | 0.3229*** (0.0923) | 0.2383*** (0.0887) | 0.3139*** (0.0478) | 0.1906** (0.0733) | 0.1762*** (0.0667) |
fina | −0.2213* (0.1122) | −0.2836** (0.1237) | −0.1571 (0.1279) | −0.2178** (0.1093) | −0.2302* (0.1242) |
scale | 1.3372 (0.8396) | 0.7034 (0.5568) | 1.5983** (0.7114) | 0.8426 (0.7447) | 0.4198 (0.3799) |
spe | −1.1278 (0.7699) | −1.5144* (0.7767) | −0.2120 (0.4772) | −1.9892** (0.9058) | −0.9085* (0.4965) |
nfor | −0.1352* (0.0779) | −0.1434* (0.0788) | −0.0643 (0.0453) | −0.2944** (0.1388) | −0.0319 (0.0414) |
_cons | 2.0076 (1.0081) | 2.7424** (1.1351) | 0.7022 (0.6305) | 4.6649** (1.8622) | 1.4052** (0.6422) |
Individual-fixed effect | YES | YES | YES | YES | YES |
time-fixed effect | YES | YES | YES | YES | YES |
N | 3074 | 3136 | 3136 | 2940 | 2736 |
R2 | 0.2532 | 0.242 | 0.617 | 0.2380 | 0.2796 |