Research Article
Housing Rental Incentive and Development Empirical Analysis from the Perspective of Financial Decentralization
Table 5
Panel data regression results.
| | Variables | Model 4.1 | Model 4.2 | Model 4.3 | | The explained variable: RENT/INC | The explained variable: EXP | The explained variable: RENT/INC |
| | TRAN | −0.021 (−1.77) | −0.021 (−1.84) | −0.111 (−2.14) | −0.111 (−2.11) | −0.021 (−1.81) | −0.021 (−1.89) | | EXP | | | | | 0.034 (2.38) | 0.036 (2.61) | | GDP | −0.226 (−2.30) | −0.161 (−1.65) | −0.178 (−0.22) | 0.080 (0.09) | −0.228 (−2.41) | −0.161 (1.74) | | FUND | −0.058 (−0.62) | 0.030 (0.32) | 0.008 (0.01) | 0.233 (0.28) | −0.037 (−0.41) | 0.054 (0.59) | | LOAN | 0.177 (1.76) | 0.234 (2.04) | 0.062 (0.07) | −0.008 (−0.01) | 0.132 (1.34) | 0.194 (1.75) | | INVEST | | −0.024 (−0.42) | | 0.226 (−0.45) | | −0.032 (−0.58) | | CPI | | −0.542 (−0.31) | | 10.547 (0.70) | | −0.552 (−0.34) | | TEST | | −0.066 (−2.71) | | −0.258 (−1.20) | | −0.068 (−2.90) | | C | 2.158 (3.29) | 3.596 (0.46) | 5.285 (0.96) | −44.954 (−0.66) | 2.200 (3.47) | 3.684 (0.50) | | N | 198 | 198 | 198 | 198 | 198 | 198 | | R2 | 0.302 | 0.338 | 0.280 | 0.206 | 0.282 | 0.275 |
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Note. The numbers in parentheses were the value of t; , , were significant at 10%, 5%, and 1% levels, respectively. |
