Table 4 Heterogeneity test result of Tech.
| Â | Low-Tech | High-Tech | ||||||
|---|---|---|---|---|---|---|---|---|
| Â | Main | Wx | Spatial | Variance | Main | Wx | Spatial | Variance |
DID | 0.005*** | −0.060*** |  |  | 0.052*** | 0.252*** |  |  |
|  | (4.81) | (−3.64) |  |  | (9.34) | (3.95) |  |  |
EC | −0.007*** | 0.015*** |  |  | −0.075*** | 0.090** |  |  |
|  | (−6.72) | (2.74) |  |  | (−10.01) | (2.22) |  |  |
UL | 0.008*** | −0.013 |  |  | 0.286*** | −0.373*** |  |  |
|  | (2.68) | (−0.55) |  |  | (16.05) | (−4.77) |  |  |
ER | −0.000*** | −0.000 |  |  | −0.000 | 0.000 |  |  |
|  | (−2.66) | (−1.49) |  |  | (−0.71) | (0.43) |  |  |
ES | 0.012*** | −0.072*** |  |  | 0.042*** | −0.205*** |  |  |
|  | (9.29) | (−7.25) |  |  | (6.34) | (−4.52) |  |  |
CPR | 0.001 | 0.030*** | Â | Â | 0.020** | 0.116** | Â | Â |
| Â | (0.53) | (3.73) | Â | Â | (2.24) | (2.06) | Â | Â |
Time fixed effects | YES | YES | Â | Â | YES | YES | Â | Â |
City fixed effects | YES | YES | Â | Â | YES | YES | Â | Â |
Rho | Â | Â | 0.125 | Â | Â | Â | 0.676*** | Â |
| Â | Â | Â | (1.30) | Â | Â | Â | (12.43) | Â |
Sigma2_e | Â | Â | Â | 0.000*** | Â | Â | Â | 0.002*** |
| Â | Â | Â | Â | (46.61) | Â | Â | Â | (31.84) |
R-squared | 0.032 | 0.032 | 0.032 | 0.032 | 0.085 | 0.085 | 0.085 | 0.085 |