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

Table 9

Regional heterogeneity analysis.

Dependent variable lnppatents	East regions (1)	West regions (2)	East regions (3)	West regions (4)
Distort	0.0021	0.0053
	(0.003)	(0.002)
L.distort			0.0020	0.0071
			(0.002)	(0.002)
Controls	Yes	Yes	Yes	Yes
City	Yes	Yes	Yes	Yes
Year	Yes	Yes	Yes	Yes
Observations	1,086	1,934	985	1,751
R-squared	0.816	0.778	0.796	0.764
Number of cities	101	186	101	186

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