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Frontiers of Business Research in China

Table 8 Heterogeneity test: Different industrial development stages

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

Independent variable

Dependent variable: Y

Secondary industry dominant

Tertiary industry dominant

IP

0.0463*

−0.0078

(0.0243)

(0.0304)

Control variables

Yes

Yes

Year_FE

Yes

Yes

City_FE

Yes

Yes

N

1852

796

Adj.R2

0.854

0.827

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