Table 7 IV Estimation.

From: The actual effect and mechanism of environmental protection taxes on carbon emission reduction: evidence from China

Variable

(1)

(2)

2SLS

The first stage

The second stage

IV

−1.1125***

(0.3341)

 

DID

 

0.0503**

(0.0225)

Kleibergen-Paap Wald rk F statistic

1221.3452***

 

Kleibergen-Paap rk LM statistic

 

432.4431***

Control variable

Yes

Yes

Year FE

Yes

Yes

City FE

Yes

Yes

R-squared

-

0.6773

Observations

3731

3731

  1. *, **, and *** indicate significance at the significance level of 10%, 5%, and 1% respectively, the values in brackets are standard errors. For brevity, the results of the control variables are not reported. The model adopts the clustering standard estimation at the prefecture-level city level.
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