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Table 11 Results after controlling unobservable effects, and IV estimation

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

Independent variableDependent variable: Y
Control unobservable effectsIV estimation
(1)(2)(3)(4)2SLS
IP0.0370*0.0430**0.0401*0.0401*0.0634***
(0.0193)(0.0203)(0.0210)(0.0210)(0.0153)
Control variablesYesYesYesYesYes
Time trendYesYesNoYesNo
Year_FEYesYesYesYesYes
City_FEYesYesYesYesYes
Region_FENoNoYesYesNo
Region × Year_FENoNoYesYesNo
Time trend × ProvinceNoYesNoNoNo
Time trend × RegionNoNoNoYesNo
  1. Notes. (1) * means P < 10%, * * means P < 5%, * * * means P < 1%; (2) The estimated coefficients in parentheses are the robust standard errors clustering to the city level