|
| (1) | (2) | (3) |
| Total sample | state-owned enterprise | Non-state-owned enterprises | |
| variable | TFP_OP | TFP_OP | TFP_OP |
| GAP | 0.0667*** | 0.0376*** | 0.0780*** |
| (0.003) | (0.005) | (0.005) | |
| constant term | 6.9914*** | 8.3015*** | 6.3665*** |
| (0.105) | (0.129) | (0.198) | |
| controlled variable | √ | √ | √ |
| Number of observed values | 19,571 | 8239 | 11,332 |
| goodness of fit | 0.492 | 0.481 | 0.535 |
| Year/Industry FE | √ | √ | √ |