From: Cloud economy and its relationship with China’s economy—a capital market-based approach
(1) | (2) | (3) | (4) | (5) | (6) | (7) | |
---|---|---|---|---|---|---|---|
Model | A-2 | B-2 | C-2 | D-2 | E-2 | F-2 | G-2 |
Variables | SSE | SSE | SSE | SSE | SSE | SSE | SSE |
\(\beta_{1} \left( {FACTOR1} \right)\) | 0.022*** | 0.019*** | 0.022*** | 0.019*** | 0.024*** | 0.022*** | 0.028*** |
(0.001) | (0.003) | (0.001) | (0.003) | (0.001) | (0.003) | (0.003) | |
\(\beta_{2} \left( {GEM} \right)\) | 0.090 | 0.086 | 0.047 | − 0.112 | |||
(0.066) | (0.067) | (0.068) | (0.068) | ||||
\(\beta_{3} \left( {DUM} \right)\) | − 0.003 | − 0.003 | − 0.002 | − 0.002 | − 0.004** | ||
(0.002) | (0.002) | (0.002) | (0.002) | (0.002) | |||
\(\beta_{4} \left( {FACTOR1*DUM} \right)\) | − 0.006*** | − 0.006** | − 0.027*** | ||||
(0.002) | (0.002) | (0.005) | |||||
\(\beta_{5} \left( {GEM*DUM} \right)\) | 0.691*** | ||||||
(0.137) | |||||||
\(\beta_{6} \left( {{\text{Constant}}} \right)\) | 0.001 | 0.001 | 0.002 | 0.001 | 0.002 | 0.001 | 0.002** |
(0.001) | (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | |
Observations | 451 | 451 | 451 | 451 | 451 | 451 | 451 |
Adjusted R2 | 0.574 | 0.577 | 0.575 | 0.578 | 0.584 | 0.585 | 0.615 |