Table 5 Heterogeneity analysis.
From: The rationality of the punishment ladder: evidence from a quasi-natural experiment in China
Variable | (1) | (2) | (3) | (4) | (5) | (6) |
|---|---|---|---|---|---|---|
Term of imprisonment | Number of fines imposed | |||||
Linear | Quadratic | Cubic | Linear | Quadratic | Cubic | |
Panel A: Eastern region | ||||||
Whether the number of pieces of information is more than 50,000 | 8.777** | 8.822** | 8.885** | 15.15** | 14.29* | 13.17* |
(4.218) | (4.130) | (4.002) | (7.367) | (7.228) | (7.019) | |
Number of pieces of information | 0.0311 | −0.000594 | −0.000773 | −12.00** | −1.135** | −0.138** |
(3.052) | (0.298) | (0.038) | (5.331) | (0.522) | (0.067) | |
Constant term | −0.718 | −0.562 | −0.492 | 35.7 | 5.322 | −4.573 |
(16.620) | (11.030) | (9.799) | (29.020) | (19.310) | (17.190) | |
Observations | 320 | 320 | 320 | 320 | 320 | 320 |
R2 | 0.503 | 0.503 | 0.503 | 0.279 | 0.276 | 0.272 |
Panel B: Central and Western region | ||||||
Whether the number of pieces of information is more than 50,000 | 3.76 | 3.876 | 4.065 | −110 | −131.9 | −154 |
(8.162) | (8.137) | (7.995) | (256.700) | (255.900) | (251.300) | |
Number of pieces of information | 3.155 | 0.31 | 0.0394 | −12.19 | 0.619 | 0.332 |
(5.940) | (0.600) | (0.079) | (186.800) | (18.860) | (2.466) | |
Constant term | −6.73 | 1.268 | 4.046 | −31.4 | −98.42 | −114.7 |
(32.460) | (22.020) | (19.710) | (1020.700) | (692.300) | (619.300) | |
Observations | 152 | 152 | 152 | 152 | 152 | 152 |
R2 | 0.608 | 0.608 | 0.607 | 0.316 | 0.316 | 0.317 |
