Table 7.

The result of the mechanism analysis.

VARIABLES	(1) $LnLIF$	(2) $lnINE$	(3) $LnLIF$	(4) $\mathit{ln}DEA$	(5) $lnINE$	(6) $\mathit{ln}DEA$
$lnDIG$	0.0187*** (18.3193)	−0.0125*** (−6.2012)	0.0182*** (17.6587)	−0.0648*** (−17.0538)	−0.0125*** (−6.2012)	−0.0630*** (−16.4076)
$lnINE$			−0.0372*** (−2.7292)			0.1388*** (2.7298)
$lnSAN$	0.0296*** (4.3675)	0.0395*** (2.9487)	0.0311*** (4.5808)	−0.2073*** (−8.2038)	0.0395*** (2.9487)	−0.2128*** (−8.4140)
$lnLAB$	0.0335* (1.7348)	−0.1218*** (−3.1969)	0.0289 (1.4975)	−0.0213 (−0.2968)	−0.1218*** (−3.1969)	−0.0044 (−0.0614)
$lnFIN$	0.0013 (0.6701)	−0.0054 (−1.3929)	0.0011 (0.5685)	−0.0087 (−1.1930)	−0.0054 (−1.3929)	−0.0080 (−1.0923)
$lnTF$	0.0105*** (3.0096)	0.0162** (2.3522)	0.0111*** (3.1837)	−0.0139 (−1.0704)	0.0162** (2.3522)	−0.0162 (−1.2439)
$lnHEP$	−0.0133*** (−3.2879)	0.0086 (1.0856)	−0.0129*** (−3.2142)	0.1333*** (8.8771)	0.0086 (1.0856)	0.1321*** (8.8141)
$lnURB$	0.1717*** (10.4516)	−0.1235*** (−3.8042)	0.1671*** (10.1421)	−0.2720*** (−4.4443)	−0.1235*** (−3.8042)	−0.2549*** (−4.1522)
$lnPGDP$	0.0076 (1.4818)	0.0260** (2.5736)	0.0086* (1.6711)	0.1796*** (9.4098)	0.0260** (2.5736)	0.1760*** (9.2198)
$Constant$	3.1453*** (30.9507)	4.5191*** (22.5066)	3.3136*** (27.9234)	2.4724*** (6.5305)	4.5191*** (22.5066)	1.8452*** (4.1738)
$R-squared$	0.7070	0.1130	0.7080	0.5620	0.1130	0.5640

Note: "***", "**", and "*" mean significance at the level of 0.01, 0.05, and 0.1, respectively; t value in parehtheses.