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

Table 3

Regression results of moderating effect of financial development level.

Dependent variable: lnppatents	Moderating effect (1)	Moderating effect (2)	Moderating effect (3)
distort	0.0040	0.0039	0.0040
	(0.001)	(0.002)	(0.002)
distortfin_effi	0.0250
	(0.006)
fin_effi	0.1305
	(0.033)
distortfin_stru		0.0064
		(0.002)
fin_stru		0.0251
		(0.008)
distortfin_scale			0.0025
			(0.001)
fin_scale			0.0101
			(0.004)
Controls	Yes	Yes	Yes
City	Yes	Yes	Yes
Year	Yes	Yes	Yes
Observations	3,020	3,011	3,011
R-squared	0.781	0.780	0.779
Number of cities	287	287	287

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