Research Article
Analysis of the Government and Capital Market’s Response to Normalized Epidemic Prevention and Control Based on the Development of Smart Health Care
Table 3
Empirical tests of the epidemic situation, emergency response mechanisms, and effectiveness of the response.
| | Variable | (1) FC | (2) NCst+1 | (3) NCst+1 | (4) NCst+1 |
| | NCDst−1 | 0.052 (3.31) | | 0.437 (20.84) | 0.808 (27.66) | | FCt | | 0.030 (6.37) | 0.021 (4.70) | | | NCDst − 1 ∗ EME | | | x | 0.206 (12.01) | | EME | | | | −1.568 (−14.47) | | Date | 0.000 (0.88) | −0.004 (−30.16) | −0.002 (−23.16) | –0.008 (−24.42) | | GDP | 0.762 (14.92) | −0.137 (–4.59) | −0.095 (−3.56) | −1.135 (−8.46) | | Size | −0.893 (−21.53) | 0.171 (7.16) | 0.132 (6.48) | 1.151 (9.57) | | Lev | −1.480 (−5.45) | −1.369 (−7.09) | −1.242 (−7.11) | −9.072 (−12.44) | | Tax | 1.524 (33.48) | −0.007 (−0.24) | −0.025 (−1.02) | −0.145 (−1.12) | | Annual | Control | Control | Control | Control | | Constant term | −20.813 (−6.67) | 79.019 (28.32) | 52.836 (22.65) | 177.544 (24.63) | | Sample size | 11,397 | 11,397 | 11,373 | 11,373 | | Pseudo R2 | 0.1179 | | | | | R-squared | | 0.164 | 0.288 | 0.1520 |
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Note: t-statistics in parentheses; , , and indicate significance at the 1%, 5%, and 10% levels, respectively. |
