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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 variableDependent variable: Y
REPOLSWeak endogenousTime-lag effectsDynamic model
IP0.0370*0.0370*0.0324***0.0431*0.4484***
(0.0203)(0.0203)(0.0121)(0.0234)(0.0885)
L. IPNoNoNoYesNo
L2. IPNoNoNoYesNo
L. YNoNoNoNoYes
Control variablesYesYesYesYesYes
Year_FEYesYesYesYesYes
City_FEYesYesYesYesYes
  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