Research Article
An Empirical Study on the Influence of Art Industry Development on the Quality of China’s Economic Growth
Table 8
Test results of economic growth stability, welfare change, and achievement distribution.
| | Variable name | QEG3 (1) | QEG3 (2) | QEG4 (3) | QEG4 (4) | | Stability of economic growth | Welfare change and outcome distribution |
| | Cultural | −0.021 (0.314) | 0.178 (0.139) | 0.528 (0.183) | 0.445 (0.127) | | Constant term | 1.465 (0.541) | 0.882 (0.417) | 1.628 (0.948) | 1.086 (0.401) | | MC | −0.285 (0.604) | −0.462 (0.341) | −0.847 (0.359) | −0.521 (0.263) | | PerGDP | −0.000 (0.000) | −0.000 (0.000) | −0.000 (0.000) | −0.000 (0.000) | | OE | 1.825 (1.623) | 0.881 (0.414) | 1.628 (0.914) | 1.075 (0.412) | | HC | −0.003 (0.003) | −0.001 (0.001) | 0.003 (0.002) | 0.002 (0.001) | | R 2 | 0.352 | 0.048 | 0.108 | 0.124 | | Model | Fixed effect | Random effect | Fixed effect | Random effect | | Sample size | 120 | 120 | 120 | 120 |
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