Table 13.
Total amount of land investment subsidies obtained.
| Variable | Average rent per mu | Zero rent circulation | ||
|---|---|---|---|---|
| (1) Quantity | (2) Price | (3) Quantity | (4) Price | |
| Mobile payment | 11.047**(5.576) | 4.627***(1.703) | 12.382**(5.963) | 4.530***(1.694) |
| Average rent per mu | 0.003***(0.001) | −0.000(0.000) | ||
| Zero rent circulation | 9.534(8.210) | 1.401(2.333) | ||
| Mobile payment × average rent per mu | 0.008***(0.001) | 0.000(0.000) | ||
| Mobile Payment × Zero Rent Transfer | −33.216**(16.093) | 5.539(4.573) | ||
| Other control variables | Control | Control | Control | Control |
| Variance ratio | 43. 12*** | 16.94*** | 34.09*** | 17.13*** |
| R2 | 0.626 | 0.396 | 0.569 | 0.399 |
| Adjust R2 | 0.611 | 0.373 | 0.552 | 0.375 |
| Observed value | 537 | 537 | 537 | 537 |
*, **, and *** indicate significant at 10, 5, and 1% levels, respectively, and the coefficients in brackets are standard errors.