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Table 5 Mechanism test

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

Industrial policy—Industrial structure
 Structure1Structure2
(1)(2)(3)(4)
IP0.04760.2157**−0.08950.0476
(0.0998)(0.0921)(0.0966)(0.0427)
Control variablesNoYesNoYes
Year_FEYesYesYesYes
City_FEYesYesYesYes
N2937261031852662
Adj.R20.0250.1360.0280.073
Industrial structure—Economic growth
 (5)(6)(7)(8)
Structure10.0515***0.0557***  
(0.0114)(0.0083)  
Structure2  −0.0626**−0.0700***
  (0.0274)(0.0252)
IP0.0518**0.02390.0592**0.0403**
(0.0217)(0.0183)(0.0238)(0.0200)
Control variablesNoYesNoYes
Year_FEYesYesYesYes
City_FEYesYesYesYes
N2937284232892919
Adj.R20.7990.8540.7810.835
  1. Notes. (1) ** means P < 5%, *** means P < 1%; (2) The estimated coefficients in parentheses are the robust standard errors clustering to the city level