Research Article
Utilisation Efficiency of Construction Land in China’s Coastal Cities Based on Debt Level
| | Variable | Variable | Levin, Lin & Chu t | Im, Pesaran, and Shin W-stat | ADF-fisher chi-square | PP-fisher chi-square |
| | Utilisation efficiency of construction land | Nl | −34.47 (0.0001) | −9.34 (0.0001) | 170.61 (0.0001) | 210.55 (0.0001) | | Local debt level | Sd | 9.07 (1.000) | 17.30 (1.000) | 19.20 (1.000) | 23.52 (1.000) | | D | −3.77 (0.0001) | −0.08 (0.5318) | 122.77 (0.0790) | 112.28 (0.2288) | | D (d) | −19.48 (0.0001) | −7.55 (0.0001) | 260.25 (0.0001) | 320.58 (0.0001) | | Economic development level | pgdp | 0.60 (0.7662) | 7.05 (1.000) | 34.66 (1.000) | 45.06 (1.000) | | D (pgdp) | −15.88 (0.0001) | −5.29 (0.0001) | 215.20 (0.0001) | 284.45 (0.0001) | | b | −9.68 (0.0001) | 0.37 (0.6436) | 122.59 (0.0807) | 176.60 (0.0001) | | p | −6.07 (0.0001) | −2.63 (0.0042) | 121.02 (0.0229) | 118.23 (0.0341) | | Population | n | 2.36 (0.9909) | 1.80 (0.9637) | 130.33 (0.0307) | 129.12 (0.0361) | | D (n) | −354.80 (0.0001) | −50.89 (0.0001) | 321.61 (0.0001) | 360.93 (0.0001) | | an | −52.60 (0.0001) | −17.93 (0.0001) | 305.28 (0.0001) | 330.39 (0.0001) | | al | −69.42 (0.0001) | −14.86 (0.0001) | 247.05 (0.0001) | 263.23 (0.0001) |
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