Robustness test results
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| NewGEE | GEE | GEE | GEE | |
| EH | −0.0006*** (−2.94) | −0.0009*** (−3.53) | −0.0008*** (−4.48) | |
| NewEH | −0.0009*** (−3.30) | |||
| lnGDP | −0.4180 (−1.20) | −0.9106** (−2.28) | −1.0711** (−2.04) | −0.9103*** (−5.76) |
| lnGDP2 | 0.0105 (1.04) | 0.0216* (1.86) | 0.0267* (1.69) | 0.0216*** (4.62) |
| lnPD | −0.0028 (−0.73) | 0.0050 (0.50) | 0.0035 (0.27) | 0.0050 (0.62) |
| IC | 0.6014*** (3.01) | 0.7965*** (3.06) | 0.7963*** (2.92) | 0.7963*** (5.53) |
| Fin | 0.0024 (0.28) | 0.0165 (1.32) | 0.0156 (1.14) | 0.0165*** (3.27) |
| _cons | 3.9672 (1.34) | 8.8397** (2.59) | 10.0912** (2.29) | 9.6106*** (7.23) |
| City-fixed | YES | YES | YES | YES |
| Year-fixed | YES | YES | YES | YES |
| N | 3,312 | 3,312 | 2,952 | 3,312 |
| R-square | 0.058 | 0.117 | 0.111 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| NewGEE | ||||
| −0.0006*** (−2.94) | −0.0009*** (−3.53) | −0.0008*** (−4.48) | ||
| −0.0009*** (−3.30) | ||||
| −0.4180 (−1.20) | −0.9106** (−2.28) | −1.0711** (−2.04) | −0.9103*** (−5.76) | |
| 0.0105 (1.04) | 0.0216* (1.86) | 0.0267* (1.69) | 0.0216*** (4.62) | |
| −0.0028 (−0.73) | 0.0050 (0.50) | 0.0035 (0.27) | 0.0050 (0.62) | |
| 0.6014*** (3.01) | 0.7965*** (3.06) | 0.7963*** (2.92) | 0.7963*** (5.53) | |
| 0.0024 (0.28) | 0.0165 (1.32) | 0.0156 (1.14) | 0.0165*** (3.27) | |
| 3.9672 (1.34) | 8.8397** (2.59) | 10.0912** (2.29) | 9.6106*** (7.23) | |
| 3,312 | 3,312 | 2,952 | 3,312 | |
| 0.058 | 0.117 | 0.111 |
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