|
| The path of SEM | Estimate | S.E. | C.R. | |
|
| The transformation in the construction ← physical capital | .543 | .147 | 2.843 | |
| The transformation in the construction ← human capital | .271 | .754 | 7.312 | |
| The transformation in the construction ← technical level | .450 | .884 | 72.863 | |
| The transformation in the construction ← industrial structure | .574 | .416 | −15.251 | |
| The transformation in the construction ← management level | .064 | .905 | 5.253 | |
| Physical capital ← industrial demands | .685 | .001 | 16.933 | |
| Human capital ← industrial demands | .375 | .029 | 24.479 | |
| Technical level ← industrial demands | .342 | .162 | 10.753 | |
| Industrial structure ← policy system | .127 | .970 | 1.422 | .075 |
| Management level ← policy system | .253 | .049 | 20.735 | |
| Industrial demands ← policy system | .248 | .008 | 71.146 | |
| Industrial demands ← urbanization | .413 | .023 | 6.419 | |
| Housing market ← urbanization | .295 | .062 | 23.483 | |
| The transformation in the construction ← housing market | .103 | .952 | 2.842 | |
| JF1 ← the transformation in the construction | .764 | .000 | −5.943 | |
| JF2 ← the transformation in the construction | .636 | .000 | 4.307 | |
| JF3 ← the transformation in the construction | .916 | .063 | 26.846 | |
| JF4 ← the transformation in the construction | .982 | 1.030 | 25.431 | |
| JF5 ← the transformation in the construction | .562 | .000 | 3.014 | |
| JF6 ← the transformation in the construction | .948 | .000 | 16.138 | |
| WZ1 ← physical capital | .959 | .215 | 8.846 | |
| WZ2 ← physical capital | .767 | .437 | 9.835 | |
| RZ1 ← human capital | .954 | .163 | 5.175 | |
| RZ2 ← human capital | .274 | .257 | 35.436 | |
| JS1 ← technical level | .905 | .000 | 13.063 | |
| JS2 ← technical level | 1.052 | .464 | 2.742 | |
| SC1 ← industrial structure | .983 | 1.873 | 14.962 | |
| SC2 ← industrial structure | .836 | .034 | 8.772 | |
| GS1 ← management level | .334 | 1.743 | 8.346 | |
| GS2 ← management level | .291 | .235 | 43.374 | |
| CX1 ← industrial demands | 1.257 | .007 | .374 | |
| CX2 ← industrial demands | .516 | .036 | 4.236 | |
| CX3 ← industrial demands | .451 | .035 | 31.336 | |
| ZZ1 ← policy system | .052 | .126 | .141 | |
| ZZ2 ← policy system | .447 | .914 | 2.746 | |
| UR1 ← urbanization | .735 | .052 | .244 | |
| UR2 ← urbanization | .301 | .062 | 5.714 | |
| HM1 ← housing market | .529 | .951 | 13.195 | |
| HM2 ← housing market | .436 | .052 | 24.053 | |
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