Table 5.
The results of the mediating effect model.
| Variable | (1) | (2) |
|---|---|---|
| CSCP | 0.046 *** (0.005) |
0.105 *** (0.011) |
| FA | 0.128 ** (0.051) |
|
| EC | 0.036 *** (0.013) |
|
| CSCP*FA | −0.008 *** (0.001) |
|
| CSCP*EC | −0.006 *** (0.001) |
|
| Control variables | YES | YES |
| Spatial fixed effects | YES | YES |
| Time fixed effects | YES | YES |
| ρ | 0.334 *** (0.057) |
0.421 *** (0.057) |
| sigma2 | 0.005 *** (0.000) |
0.006 *** (0.000) |
| R-squared | 0.384 | 0.380 |
| Log-L | 509.002 | 472.791 |
| Observations | 420 | 420 |
Note: Standard errors are in parentheses. **, *** indicate significance at 5%, and 1% levels, respectively.