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Financial development and dynamic investment
behavior: Evidence from panel VAR
Inessa Love, Lea Zicchino
论文原文
第205页
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Cash flow explains more of the investment variation 10 periods ahead in the sub-sample
of countries characterised by low financial development.
表6下方第1行注解
Percent of variation in the row variable (10 periods ahead) explained by column variable
问题：
这两句怎么理解？
谢谢连老师！