all

central SOE

local SOE

private enterprise

(1)

(2)

(3)

(4)

suba

48.8500***

43.9600***

63.4700***

44.0200***

(4.7650)

(11.8200)

(10.6300)

(6.0270)

suba2

−978.9000***

−611.7000**

−1241.0000***

−931.7000***

(119.4000)

(293.2000)

(244.4000)

(157.7000)

resass

18.1800***

14.0900***

12.5100***

18.1700***

(1.0330)

(2.8800)

(2.6080)

(1.2490)

control variables

control

control

control

control

ind

control

control

control

control

year

control

control

control

control

prov

control

control

control

control

N

6105

819

1214

3851

LR chi2

3209.65

817.31

927.96

1747.82

Pseudo R2

0.1490

0.2670

0.2110

0.1500