Utilisation Efficiency of Construction Land in China’s Coastal Cities Based on Debt Level

Table 3

Estimation results for urban governments’ cumulative debt ratio threshold.

Variable	Coefficient	Robust standard deviation	T Statistic
D (n)	0.0014	0.0001	9.3207	0.0001
D (pgdp)	0.0091	0.0114	0.9710	0.0428
B	0.0158	0.0044	3.5853	0.0004
	0.0013	0.0009	2.4107	0.0164
An	0.0004	0.0001	1.7298	0.0844
Al	−0.0024	0.0002	−7.4214	0.0001
Inimser (sd < 15.38%)	2.3848	0.9618	2.4795	0.0136
Inimser (sd > 15.38%)	−0.6546	0.3870	−1.6913	0.0916