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

Table 4

Baseline regression of 103 key cities.

Dependent variable: lnppatents	Baseline (1)	Baseline (2)	Baseline (3)
distort	0.0160		0.0117
	(0.005)		(0.004)
L.distort		0.0197	0.0133
		(0.005)	(0.005)
Constant	1.0585	1.0191	1.0507
	(0.375)	(0.376)	(0.372)
Observations	477	477	477
R-squared	0.470	0.468	0.475
Number of cities	103	103	103

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