Table 7.
Mechanism test (2).
| Variable | M7-1 | M7-2 | M7-3 | M7-4 |
|---|---|---|---|---|
| Income | Health | Innovation | Health | |
| ER | −0.633*** | 0.131*** | ||
| (0.107) | (0.089) | |||
| Income | 0.026*** | |||
| (0.002) | ||||
| Innovation | 0.035*** | |||
| (0.008) | ||||
| Control | Y | Y | Y | Y |
| Year | Y | Y | Y | Y |
| Pro | Y | Y | Y | Y |
| N | 28111 | 28111 | 300 | 28111 |
| R 2 | 0.081 | 0.087 | 0.294 | 0.082 |
The parentheses are standard errors, and the standard errors of the model are clustered to the individual level. ***, **, and * indicate significance at the 1%, 5%, and 10% levels, respectively. Control means the control variables, and Year and Pro means the fixed effect of year and province, respectively.