The Efficiency of China’s Hub Economy and Its Influencing Factors: A Two-Stage Analysis Based on the Super SBM-Malmquist-Tobit Model

Table 5

Tobit regression analysis results.

Variable	The coefficient estimates	Standard error	T value	Level of significance
	−0.228	0.065	−3.500	0.001
	0.792	0.257	3.080	0.002
	0.147	0.122	1.210	0.228
	−0.215	0.086	−2.500	0.013
	0.276	0.043	6.410	0.000
	0.035	0.019	1.880	0.061
Constant	−1.114	0.997	−1.120	0.265

Note. , , and indicate significance at the levels of 10%, 5%, and 1%, respectively.