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Estimation results of the dual-threshold model with the secondary industry's ratio as the threshold variable.
| (1) |
(2) |
|
|---|---|---|
| IND | IND | |
| ER_1(STRU≤33.8066) | 4.536*** | |
| (12.38) | ||
| ER_1 (33.8066<STRU≤47.5400) | 1.312*** | |
| (3.99) | ||
| ER_1(STRU >47.5400) | −3.353*** | |
| (-8.01) | ||
| ER_2(STRU≤48.0700) | 0.132*** | |
| (24.33) | ||
| ER_2 (48.0700<STRU≤54.7600) | 0.073*** | |
| (13.80) | ||
| ER_2(STRU >54.7600) | −0.008 | |
| (-1.17) | ||
| Control Variables | YES | YES |
| _cons | 214.540*** | 211.991*** |
| (303.80) | (309.73) | |
| N | 4576 | 4576 |
| R2 | 0.349 | 0.419 |
