Table 7 Baseline regression results.
Manufacturing as a whole | High-carbon emission industries | Medium-carbon emission industries | Low-carbon emission industries | |
|---|---|---|---|---|
QID | y | y | y | y |
L.QID | 0.868*** | 0.717*** | 0.832*** | 0.831*** |
(7.26) | (6.34) | (14.15) | (16.01) | |
CR | 0.257*** | 0.160*** | 0.105*** | 0.092*** |
(3.65) | (2.67) | (2.94) | (2.85) | |
IS | 0.016 | −0.038 | 0.089*** | 0.042** |
(0.33) | (−1.14) | (3.80) | (2.55) | |
SC | −1.020 | −1.299 | 2.778 | 1.300 |
(−0.08) | (−0.16) | (0.64) | (0.78) | |
GI | −0.181 | −0.048 | 0.197 | −0.062** |
(−0.84) | (−0.35) | (0.87) | (−2.00) | |
constant | 0.135* | 0.125 | −0.018 | 0.066*** |
(1.90) | (1.24) | (−0.38) | (3.25) | |
Sargan test | 0.997 | 0.235 | 0.005 | 0.248 |
AR2 | 0.353 | 0.043 | 0.009 | 0.239 |
sample capacity | 225 | 45 | 54 | 126 |
