Analysis of the Impact of County-Levelization on Economic Growth and Public Service Development Based on Panel Data

Table 5

PSM-DID dynamics test results of TCID on economic growth and public service development.

Variable	(1)	(2)	(3)
	pergdp	education	medical
	8243.7^∗∗∗	−309.5^∗∗∗	2.010^∗
	(1180.7)	(38.11)	(1.025)
	3270.0^∗∗	−362.3^∗∗∗	3.408^∗∗∗
	(1278.1)	(40.04)	(1.102)
	15235.6^∗∗∗	−409.1^∗∗∗	4.386^∗∗∗
	(1737.2)	(40.98)	(1.070)
	20137.7^∗∗∗	−456.0^∗∗∗	4.975^∗∗∗
	(2104.9)	(41.73)	(1.032)
	23424.2^∗∗∗	−501.9^∗∗∗	6.575^∗∗∗
	(2228.7)	(37.96)	(1.064)
	30250.9^∗∗∗	−551.0^∗∗∗	8.857^∗∗∗
	(2552.4)	(38.12)	(1.107)
	2866.6^∗∗	−53.78	3.339^∗∗∗
	(1167.5)	(37.69)	(1.013)
	2010.3	−78.55^∗∗	2.363^∗∗
	(1271.3)	(39.83)	(1.096)
	2010.3	−78.55^∗	2.363^∗∗
	(1728.0)	(40.77)	(1.064)
	2010.3	−78.55^∗	2.363^∗∗
	(2093.7)	(41.51)	(1.027)
	1879.8	−104.1^∗∗∗	2.303^∗∗
	(2215.3)	(37.73)	(1.057)
	1847.9	−83.61^∗∗	2.162^∗∗
	(2536.6)	(37.88)	(1.100)
	6757.8^∗∗∗	37.44	2.493^∗
	(1660.5)	(53.60)	(1.441)
	14770.9^∗∗∗	65.80	2.517
	(1802.8)	(56.47)	(1.555)
	8204.9^∗∗∗	72.08	2.071
	(2450.3)	(57.81)	(1.509)
	9867.2^∗∗∗	71.63	3.035^∗∗
	(2968.9)	(58.86)	(1.456)
	10516.3^∗∗∗	34.94	2.387
	(3142.4)	(53.52)	(1.500)
	11105.0^∗∗∗	30.78	1.521
	(3598.5)	(53.75)	(1.561)
Other control variables	Yes	Yes	Yes
_cons1	8370.9^∗∗∗	1760.9^∗∗∗	19.39^∗∗∗
	(825.6)	(26.65)	(0.717)
_cons2	8380.4^∗∗∗	1723.5^∗∗∗	19.65^∗∗∗
	(899.0)	(28.16)	(0.775)
_cons3	8380.4^∗∗∗	1723.5^∗∗∗	19.65^∗∗∗
	(1221.9)	(28.83)	(0.753)
_cons4	8380.4^∗∗∗	1723.5^∗∗∗	19.65^∗∗∗
	(1480.5)	(29.35)	(0.726)
_cons5	8450.8^∗∗∗	1737.5^∗∗∗	19.59^∗∗∗
	(1566.5)	(26.68)	(0.748)
_cons6	8364.6^∗∗∗	1730.5^∗∗∗	19.41^∗∗∗
	(1793.6)	(26.79)	(0.778)
N1	645	645	645
N2	641	641	641
N3	641	641	641
N4	641	641	641
N5	637	637	637
N6	655	655	655
	0.298	0.158	0.091
	0.332	0.180	0.087
	0.310	0.211	0.104
	0.334	0.246	0.150
	0.367	0.349	0.173
	0.394	0.383	0.205

Standard errors in parentheses, ^∗, ^∗∗, ^∗∗∗.