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Frontiers of Business Research in China

Table 10 Results after changing estimation methods, controlling time-lag effects and using dynamic model estimation

From: Industrial policy, structural transformation and economic growth: evidence from China

Independent variable

Dependent variable: Y

RE

POLS

Weak endogenous

Time-lag effects

Dynamic model

IP

0.0370*

0.0370*

0.0324***

0.0431*

0.4484***

(0.0203)

(0.0203)

(0.0121)

(0.0234)

(0.0885)

L. IP

No

No

No

Yes

No

L2. IP

No

No

No

Yes

No

L. Y

No

No

No

No

Yes

Control variables

Yes

Yes

Yes

Yes

Yes

Year_FE

Yes

Yes

Yes

Yes

Yes

City_FE

Yes

Yes

Yes

Yes

Yes

  1. Notes. (1) * means P < 10%, *** means P < 1%; (2) The estimated coefficients in parentheses are the robust standard errors clustering to the city level besides the dynamic model column. The estimated coefficients in parentheses are the standard errors in the dynamic model estimation column
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