Impact of Global Value Chain Embedding on Total-Factor Energy Productivity of Chinese Industrial Sectors

Table 5

Regression results of the high energy consumption trade.

Variables	Index	Influence coefficients
GVC participation		20.5798
		(2.9672)
		−21.6362
		(−4.0975
EX		0.9073
		(2.7922)
		−1.0745
		(−3.0470)
FDI		0.4041
		(0.5734)
		0.8830
		(1.2894)
LnK		0.1340
		(1.1967)
		−0.2170
		(−1.9066)
LnL		−0.0646
		(−0.3042)
		−0.2009
		(−0.7850)
	c1	3.7471
	γ1	9.9183
	RSS	88.864
	AIC	0.131
	BIC	0.425

Note. t statistics in parentheses; distributions represent significant levels of 10%, 5%, and 1%.