Variable

Countrywide

Northeast

East

West

Central

TC_t−1

0.3349***

−0.066

−0.2548***

0.1803

0.1940***

(0.0620)

(0.1400)

(0.0900)

(0.1140)

(0.0660)

Patent

−0.0368***

−0.0049

−0.0462***

−0.0035

−0.0029

(0.0120)

(0.0170)

(0.0110)

(0.0260)

(0.0550)

Energy

−0.1188

−0.1677***

0.1050***

−0.0323

−0.6073***

(0.0750)

(0.0390)

(0.0380)

(0.1180)

(0.0920)

Ownership

0.0842

−0.1751***

−0.0152

−0.1185

−0.0793

(0.0970)

(0.0460)

(0.1790)

(0.2460)

(0.0970)

Industrial

0.9226

−1.6138***

0.9090**

0.3999

0.1287

(0.5660)

(0.1270)

(0.4260)

(0.9110)

(1.2610)

Urbanization

0.158

1.5460*

0.3889

−0.5331

0.169

(0.4640)

(0.8210)

(0.4510)

(0.6920)

(0.5650)

FDI

−0.022

−0.0085

−0.018

−0.0462

−0.0108

(0.0320)

(0.0100)

(0.0130)

(0.0470)

(0.0310)

N

390

39

130

143

78

R2

0.4135

0.9644

0.3024

0.4711

0.929