Table 8

Mechanism test results

MechanismAttract investment agglomerationAttract high-quality talent
GroupsTotalEastCentralWestTotalEastCentralWest
DID0.197*0.254**−0.0370.2540.0540.1320.157**−0.050
 (1.89)(2.18)(−0.27)(1.15)(1.11)(1.27)(2.25)(−0.58)
lnGDP0.950***−0.4790.1461.286**0.0980.0350.615**−0.094
 (3.26)(−1.47)(0.27)(2.55)(0.71)(0.11)(2.06)(−0.50)
pplive−0.0610.7290.721−0.9630.412**1.041**0.1470.119
 (−0.11)(1.04)(1.43)(−0.86)(2.07)(2.06)(0.60)(0.38)
cityrate0.038***0.067***0.030*0.023*0.0010.011−0.0090.001
 (3.27)(4.16)(1.69)(1.68)(0.18)(1.65)(−1.19)(0.42)
Constant3.5663.0642.1319.0864.383**−1.1214.571**7.475***
 (0.75)(0.51)(0.49)(1.01)(2.59)(−0.26)(2.13)(3.09)
Observations2,2757227357811,833548555702
R−squared0.8220.8750.8410.6570.9270.9230.9120.942

Source(s): Authors’ own work

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