[Retracted] Exploring the Influence of Local Government Debt on Enterprise Investment through the Empirical Evidence at the Municipal Level

Table 11

The regression result is after replacing the independent variable.

Variables	(1)	(2)
	Under_INV	Under_INV
Debt_Dum	0.122
	(3.16)
DebtIHS		0.018
		(2.26)
Adjusted R-squared	0.215	0.264
Individual effect	Yes	Yes
The annual effect	Yes	No
Control variable	Yes	Yes
F	265.4	282.4

Note. , , and are significant at the 1%, 5%, and 10% levels, respectively.