Te

China

East

Mid

West

Coefficient

P > z

Coefficient

P > z

Coefficient

P > z

Coefficient

P > z

M-Index

0.0033076

0.000

0.0013384

0.000

0.0040981

0.000

0.0048731

0.000

R&D

0.0065808

0.000

0.0083072

0.000

0.0063117

0.000

0.0044212

0.000

EDU

0.0084352

0.000

0.011869

0.000

0.0083953

0.000

0.0056474

0.000

FDI

−0.0003996

0.003

−0.0003655

0.030

0.0003986

0.337

0.0003703

0.454

_cons

0.2823411

0.000

0.4048874

0.000

0.2209787

0.000

0.170251

0.000

σ u

0.11749788

0.13739913

0.05556658

0.07744142

σ e

0.00875985

0.00762595

0.00967296

0.00793982

γ

0.99447253

0.99692897

0.97058789

0.9895976