Table 5. Baseline regression and... | Emerald Publishing

Table 5.

Baseline regression and interactive effects analysis

Variables	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7	Model 8
Variables	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation
FTs	0.855*** (31.82)			0.489*** (8.26)	0.697*** (9.95)		0.526*** (7.39)	0.500*** (7.04)
CTs		0.766*** (13.09)		0.259*** (5.01)		0.491*** (6.60)	0.250*** (4.78)	0.270*** (4.95)
GPTs			0.901*** (9.85)		0.176** (2.02)	0.414*** (2.92)	0.112 (1.28)	0.050 (0.45)
FTs × CTs				0.164*** (3.49)
FTs × GPTs					0.035 (0.50)
CTs × GPTs						−0.029 (−0.20)
FTs × CTs × GPTs								0.125** (2.17)
Constant	0.030 (0.33)	0.196* (1.67)	0.322** (2.54)	0.081 (1.03)	0.105 (1.63)	0.317*** (2.92)	0.162** (2.45)	0.123* (1.92)
Observations	1,404	1,404	1,404	1,404	1,404	1,404	1,404	1,404
R-squared	0.974	0.959	0.947	0.980	0.976	0.969	0.980	0.980
control	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
City FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Variables	Model 1	Model 2	Model 3	Model 4	Model 5	Model 6	Model 7	Model 8
Variables	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation	Innovation
FTs	0.855*** (31.82)			0.489*** (8.26)	0.697*** (9.95)		0.526*** (7.39)	0.500*** (7.04)
CTs		0.766*** (13.09)		0.259*** (5.01)		0.491*** (6.60)	0.250*** (4.78)	0.270*** (4.95)
GPTs			0.901*** (9.85)		0.176** (2.02)	0.414*** (2.92)	0.112 (1.28)	0.050 (0.45)
FTs × CTs				0.164*** (3.49)
FTs × GPTs					0.035 (0.50)
CTs × GPTs						−0.029 (−0.20)
FTs × CTs × GPTs								0.125** (2.17)
Constant	0.030 (0.33)	0.196* (1.67)	0.322** (2.54)	0.081 (1.03)	0.105 (1.63)	0.317*** (2.92)	0.162** (2.45)	0.123* (1.92)
Observations	1,404	1,404	1,404	1,404	1,404	1,404	1,404	1,404
R-squared	0.974	0.959	0.947	0.980	0.976	0.969	0.980	0.980
control	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
City FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Note(s):

***p < 0.01, **p < 0.05 and * p < 0.1