Table 7 Effectiveness test
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
|---|---|---|---|---|---|---|---|---|
Explanatory variable | Gdpper | Pindustry | Sindustry | Urban | Students | Grper | LnLoan | Densitypop |
West | −0.0212 | −0.0569 | 0.0633 | 0.0375 | −0.00258 | 0.00250 | 0.364 | −0.00259 |
(0.0966) | (0.0368) | (0.0497) | (0.0422) | (0.00248) | (0.00533) | (0.279) | (0.00360) | |
F (distance) | Cubic | Cubic | Cubic | Cubic | Cubic | Cubic | Cubic | Cubic |
R 2 | 0.291 | 0.398 | 0.212 | 0.122 | 0.382 | 0.176 | 0.229 | 0.126 |
Observations | 1505 | 1556 | 1501 | 1437 | 1498 | 1472 | 1496 | 1496 |