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

Table 6

PSM-DID dynamic test results of TCID impact mechanism.

Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
	lnpop	agri-mod	agri-dev	revenue	expenditure	sav	lnagri-output	lnhusbandry-output
	0.00353	10.54^∗∗∗	−0.0487^∗∗∗	0.00458^∗∗	0.0232^∗∗∗	0.0394	−0.176^∗	0.637^∗∗∗
	(0.0521)	(3.047)	(0.0102)	(0.00202)	(0.00605)	(0.0310)	(0.0977)	(0.0875)
	0.0204	12.87^∗∗∗	−0.00855	0.0459^∗∗∗	0.0767^∗∗∗	0.563^∗∗∗	0.679^∗∗∗	0.679^∗∗∗
	(0.0506)	(3.097)	(0.0105)	(0.00436)	(0.00666)	(0.0495)	(0.0740)	(0.0740)
	0.0272	14.59^∗∗∗	−0.0724^∗∗∗	0.0117^∗∗∗	0.0393^∗∗∗	0.0212	−0.117	0.586^∗∗∗
	(0.0507)	(3.172)	(0.0101)	(0.00245)	(0.00621)	(0.0294)	(0.0995)	(0.0803)
	0.0296	17.39^∗∗∗	−0.0819^∗∗∗	0.0133^∗∗∗	0.0481^∗∗∗	0.0461	−0.0920	0.576^∗∗∗
	(0.0507)	(3.257)	(0.00981)	(0.00254)	(0.00651)	(0.0312)	(0.132)	(0.0777)
	0.0374	20.84^∗∗∗	−0.0920^∗∗∗	0.0153^∗∗∗	0.0561^∗∗∗	0.0905^∗∗∗	−0.0824	0.635^∗∗∗
	(0.0511)	(3.379)	(0.00966)	(0.00250)	(0.00721)	(0.0317)	(0.102)	(0.0782)
	0.0418	26.28^∗∗∗	−0.0998^∗∗∗	0.0193^∗∗∗	0.0612^∗∗∗	0.0749^∗∗	−0.0789	0.671^∗∗∗
	(0.0511)	(3.584)	(0.00952)	(0.00256)	(0.00698)	(0.0324)	(0.101)	(0.0775)
	−0.0130	−0.646	−0.0110	−0.0000935	0.00783	0.168^∗∗∗	0.0757	0.188^∗∗
	(0.0514)	(2.976)	(0.0101)	(0.00200)	(0.00601)	(0.0307)	(0.0968)	(0.0849)
	−0.0324	−5.974^∗	−0.0192^∗	−0.000219	0.00716	0.134^∗∗∗	0.272^∗∗∗	0.272^∗∗∗
	(0.0503)	(3.080)	(0.0104)	(0.00434)	(0.00663)	(0.0490)	(0.0740)	(0.0740)
	−0.0324	−5.974^∗	−0.0192^∗	−0.000219	0.00716	0.134^∗∗∗	0.0819	0.272^∗∗∗
	(0.0505)	(3.155)	(0.0100)	(0.00244)	(0.00618)	(0.0291)	(0.0989)	(0.0803)
	−0.0324	−5.974^∗	−0.0192^∗	−0.000219	0.00716	0.134^∗∗∗	0.0819	0.272^∗∗∗
	(0.0505)	(3.240)	(0.00976)	(0.00253)	(0.00648)	(0.0309)	(0.131)	(0.0777)
	−0.0188	−8.092^∗∗	−0.0211^∗∗	−0.00103	0.00766	0.138^∗∗∗	0.123	0.276^∗∗∗
	(0.0509)	(3.357)	(0.00959)	(0.00249)	(0.00717)	(0.0314)	(0.102)	(0.0782)
	−0.0159	−6.546^∗	−0.0168^∗	−0.000501	0.00833	0.132^∗∗∗	0.137	0.251^∗∗∗
	(0.0508)	(3.557)	(0.00941)	(0.00254)	(0.00695)	(0.0321)	(0.100)	(0.0775)
	−0.00540	−8.056^∗	−0.0480^∗∗∗	0.00648^∗∗	0.00199	−0.0639	−0.398^∗∗∗	0.0552
	(0.0732)	(4.239)	(0.0143)	(0.00283)	(0.00848)	(0.0434)	(0.137)	(0.120)
	−0.0345	−7.466^∗	−0.0914^∗∗∗	−0.0324^∗∗∗	−0.0473^∗∗∗	−0.548^∗∗∗	0.0553	0.0553
	(0.0710)	(4.368)	(0.0148)	(0.00613)	(0.00940)	(0.0694)	(0.105)	(0.105)
	−0.0164	−8.160^∗	−0.0325^∗∗	0.00947^∗∗∗	−0.000283	−0.0598	−0.368^∗∗∗	−0.0500
	(0.0713)	(4.474)	(0.0142)	(0.00345)	(0.00876)	(0.0412)	(0.140)	(0.114)
	−0.00536	−9.381^∗∗	−0.0300^∗∗	0.00972^∗∗∗	−0.00285	−0.0566	−0.507^∗∗∗	−0.0898
	(0.0713)	(4.594)	(0.0138)	(0.00357)	(0.00919)	(0.0437)	(0.185)	(0.110)
	0.00411	−10.19^∗∗	−0.0271^∗∗	0.0106^∗∗∗	0.00246	−0.0898^∗∗	−0.387^∗∗∗	−0.0625
	(0.0719)	(4.763)	(0.0136)	(0.00353)	(0.0102)	(0.0445)	(0.144)	(0.111)
	0.0268	−14.22^∗∗∗	−0.0274^∗∗	0.0105^∗∗∗	0.000720	−0.0765^∗	−0.368^∗∗∗	−0.0863
	(0.0720)	(5.030)	(0.0134)	(0.00361)	(0.00985)	(0.0454)	(0.142)	(0.110)
_cons1	4.072^∗∗∗	32.65^∗∗∗	0.227^∗∗∗	0.0365^∗∗∗	0.0573^∗∗∗	0.526^∗∗∗	12.43^∗∗∗	9.959^∗∗∗
	(0.0363)	(2.124)	(0.00712)	(0.00141)	(0.00425)	(0.0219)	(0.0684)	(0.0617)
_cons2	4.198^∗∗∗	35.06^∗∗∗	0.236^∗∗∗	0.0355^∗∗∗	0.0557^∗∗∗	0.522^∗∗∗	9.984^∗∗∗	9.984^∗∗∗
	(0.0356)	(2.178)	(0.00739)	(0.00307)	(0.00469)	(0.0349)	(0.0523)	(0.0523)
_cons3	4.198^∗∗∗	35.06^∗∗∗	0.236^∗∗∗	0.0355^∗∗∗	0.0557^∗∗∗	0.522^∗∗∗	12.51^∗∗∗	9.984^∗∗∗
	(0.0357)	(2.231)	(0.00710)	(0.00173)	(0.00437)	(0.0207)	(0.0699)	(0.0568)
_cons4	4.198^∗∗∗	35.06^∗∗∗	0.236^∗∗∗	0.0355^∗∗∗	0.0557^∗∗∗	0.522^∗∗∗	12.51^∗∗∗	9.984^∗∗∗
	(0.0357)	(2.291)	(0.00690)	(0.00179)	(0.00458)	(0.0220)	(0.0925)	(0.0549)
_cons5	4.209^∗∗∗	36.41^∗∗∗	0.236^∗∗∗	0.0357^∗∗∗	0.0541^∗∗∗	0.518^∗∗∗	12.52^∗∗∗	9.977^∗∗∗
	(0.0360)	(2.374)	(0.00678)	(0.00176)	(0.00507)	(0.0224)	(0.0721)	(0.0553)
_cons6	4.205^∗∗∗	36.98^∗∗∗	0.237^∗∗∗	0.0351^∗∗∗	0.0530^∗∗∗	0.521^∗∗∗	12.54^∗∗∗	10.01^∗∗∗
	(0.0359)	(2.515)	(0.00665)	(0.00180)	(0.00492)	(0.0228)	(0.0710)	(0.0548)
N1	663	657	659	656	674	667	634	575
N2	666	681	679	662	681	677	674	674
N3	666	681	679	662	681	677	639	674
N4	666	681	679	662	681	677	639	674
N5	646	681	681	653	675	687	620	670
N6	665	686	681	673	697	683	640	673
	0.000	0.026	0.176	0.060	0.053	0.059	0.063	0.193
	0.003	0.056	0.200	0.184	0.195	0.178	0.244	0.244
	0.002	0.063	0.216	0.140	0.109	0.040	0.042	0.148
	0.002	0.076	0.251	0.153	0.134	0.037	0.038	0.142
	0.002	0.104	0.287	0.191	0.163	0.036	0.036	0.173
	0.004	0.121	0.318	0.233	0.187	0.032	0.032	0.179

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