Credit Default of Local Public Sectors in Chinese Government-Pay PPP Projects: Evidence from Ecological Construction

Table 6

Results of each case under each logic.

Number	Political performance (PP)			Fiscal illusion (FI)		Subjective willingness (SW)			Objective limitation (OL)
	M1	M2	M3	M4	M5	M6	M7	M8	M9	M10	M11
Case 1	√			√		√			√	√
Case 2			√				√				√
Case 3			√	√	√
Case 4			√						√
Case 5		√	√						√
Case 6	√		√								√
Case 7	√			√	√		√
Case 8	√			√	√						√
Case 9			√				√
Case 10	√			√	√		√	√
Case 11							√		√
Case 12		√		√	√		√				√
Case 13	√			√			√	√	√
Case 14	√			√				√	√
Case 15				√	√			√	√