[Retracted] Land Price Distortion, Financial Development, and Regional Innovation

Table 2

Baseline regression results.

Dependent variable: lnppatents	Baseline (1)	Baseline (2)	Baseline (3)
Distort	0.0044		0.0034
	(0.002)		(0.002)
L.distort		0.0048	0.0042
		(0.002)	(0.002)
fin_press	0.1522	0.0685	0.0778
	(0.106)	(0.103)	(0.103)
Dependon	128.5377	358.0801	117.4494
	(316.270)	(276.815)	(315.232)
local_hr_pop	0.0601	0.5533	0.5324
	(1.028)	(1.050)	(1.047)
sav_person	0.0856	0.0537	0.0529
	(0.018)	(0.017)	(0.017)
Dust	−0.0000	−0.0000	−0.0000
	(0.000)	(0.000)	(0.000)
Govscale	−1.0907	−0.8713	−0.8570
	(0.244)	(0.248)	(0.243)
di_per_capita	0.0000	0.0000	0.0000
	(0.000)	(0.000)	(0.000)
lnsci	0.1402	0.1249	0.1228
	(0.019)	(0.018)	(0.018)
Constant	−0.8143	−0.6187	−0.6083
	(0.217)	(0.216)	(0.213)
Observations	3,020	2,736	2,736
R-squared	0.780	0.761	0.762
Number of cities	287	287	287

Notes. Robust standard errors in parentheses; , , and represent the significance level of 10%, 5%, and 1%, respectively.