(1)

(3)

(4)

Full sample

State-owned enterprise

Non-state-owned enterprises

variable

TFP_OP

TFP_OP

TFP_OP

GAP

0.0861***

0.0830***

0.0500***

(0.008)

(0.012)

(0.011)

GAP*OC

−0.0005**

−0.0011***

0.0009***

(0.000)

(0.000)

(0.000)

OC

0.0065***

0.0165***

−0.0100***

(0.002)

(0.003)

(0.004)

constant term

6.7550***

7.6513***

6.6966***

(0.137)

(0.186)

(0.232)

controlled variable

√

√

√

Number of observed values

19,571

8239

11,332

goodness of fit

0.492

0.484

0.536

Year/Industry FE

√

√

√