Industrial Composition and Agglomeration Shadow: Evidence from China’s Large Urban Systems

Table 4

Regression results of manufacturing shares, 5-year periods.

	FE			RE
	Model 1	Model 2	Model 3	Model 1	Model 2	Model 3
Pop 1980				0.2620	0.2634	0.2649
				(0.000)	(0.000)	(0.000)
MP	0.8926	0.8540	−0.3714	0.9821	0.9510	0.1799
	(0.000)	(0.000)	(0.146)	(0.000)	(0.000)	(0.423)
ICm	−1.4962	3.6674	1.4829	−1.2569	4.2983	3.0682
	(0.000)	(0.000)	(0.121)	(0.000)	(0.000)	(0.001)
ICm2		−0.0545	−0.0370		−0.0586	−0.0502
		(0.000)	(0.000)		(0.000)	(0.000)
MPICm			0.0441			0.0226
			(0.000)			(0.000)
R^2	0.0674	0.0745	0.0657	0.3674	0.3783	0.3748
Observations	2702	2702	2702	2702	2702	2702

; ; .