Research Article
Does the Stock Market Affect the Real Economy? An Empirical Analysis Based on China’s Stock Market Liquidity
Table 4
Two-stage least-square test.
| | Dependent variable: | (a) | (b) | | |
| | 0.6774 | | | (51.60) | | | 0.3398 | | | (13.33) | | | | −0.0019 | | | (−1.96) | | Control | Yes | Yes | | Industry | Yes | Yes | | Year | Yes | Yes | | 17515 | 17515 | | 0.892 | 0.126 |
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