Table 7.

Moderated effects test results

VariablesGEEGEEGEE
EH−0.0010*** (−3.74)−0.0027*** (−2.59)−0.003*** (−3.14)
Itta−0.0007 (−1.01)
c_itta0.0002*** (2.87)
coagg−0.0284 (−1.46)
c_coagg0.0008* (1.91)
Ccd−0.379** (−2.04)
c_ccd0.012** (2.47)
lnGDP−0.8816** (−2.23)−0.7937** (−2.13)−0.809** (−2.15)
lnGDP20.0206* (1.80)0.0181* (1.66)0.018* (1.68)
lnPD0.0050 (0.49)0.0050 (0.50)0.006 (0.56)
IC0.7980*** (3.06)0.8004*** (3.06)0.818*** (3.13)
Fin0.0164 (1.31)0.0154 (1.26)0.015 (1.25)
_cons8.6195** (2.54)7.9357** (2.47)8.082** (2.49)
City-fixedYESYESYES
Year-fixedYESYESYES
N3,3123,3123,312
R-square0.11920.12120.1268
Source(s): Created by the authors

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