Table 1.
List of variables and descriptive statistics (observations = 7866).
Table 2.
Estimated effects of government subsidies on TFP.
Table 3.
Effect of government subsidy lag period on TFP.
Table 4.
Estimated effects of government subsidies on TFP of different industry groups.
Table 5.
Estimated effects of government subsidies on TFP at different enterprise scales.
Table 6.
Test for technological innovation mechanism in R&D subsidies’ effect on TFP.
Table 7.
Test for financing constraint mechanism in production subsidies’ effect on TFP.
Table 8.
Results for subsidies’ effects on TFP after dealing with endogeneity.