Table 6 Capital aggregation effects.

From: Impact of coal-to-gas transition on individual welfare considering the inverted U-shaped regulation effect of natural gas pipeline accessibility

Variable

Investment in energy sector

Investment in gas industry

Investment in electricity supply, steam, and hot water

CTGT

53.612*** (15.920)

4.318*** (1.657)

26.862** (10.807)

Control variable

Controlled

Controlled

Controlled

Constant

− 1629.661*** (290.939)

311.258*** (24.466)

− 2184.352*** (228.208)

R2

0.722

0.771

0.751

Observation

3080

3080

3080

  1. **, and *** denote statistical significance at the 5%, and 1% levels, respectively.Robust standard error in brackets.