Variable

Unmatched

Mean

t-test

V(T)/V(C)

Matched

Treated

Control

t

p > t

perdi

U

28,103

18,224

17.23

0.00

1.92*

M

28,103

26,273

2.58

0.01

2.60*

reiinv

U

29.183

19.393

10.49

0.00

1.370

M

29.183

30.892

−1.07

0.29

0.44*

inv

U

313.79

138.48

11.55

0.00

2.09*

M

313.79

319.52

−0.27

0.79

1.52*

pop

U

648.52

606.54

0.95

0.34

0.48*

M

648.52

764.63

−2.52

0.01

0.59*

open

U

5.027

4.391

1.81

0.07

1.250

M

5.027

4.457

1.64

0.10

6.48*

landprice

U

6149.3

853.7

2.16

0.03

4427.88*

M

6149.3

2207.2

0.99

0.32

993.03*

pergdp

U

91248

42097

9.89

0.00

3.73*

M

91248

87656

0.53

0.59

5.10*

tge

U

79.489

30.236

8.40

0.00

4.31*

M

79.489

109.59

−2.68

0.01

0.800