“…Third, according to the results of the Hausman test (p < 0.001), we performed the individual fixed-effect models for our panel data. Further, the bootstrap resampling approach was widely utilized to adjust for the negative impacts of some issues, like heteroscedasticity and autocorrelation [ 14 , 38 ]. This statistical method can provide error estimates with high variability and minimal bias by resampling with replacement from original samples.…”