Table 6 The results of replacing land-based fiscal revenue and land-based investment.

From: Urban land supply strategies and carbon emissions in China: from the perspective of land-based fiscal revenue and land-based investment

Variables

Wd

Wge

Direct effect

Indirect effect

Total effect

Direct effect

Indirect effect

Total effect

LS

0.012*** (0.002)

0.095*** (0.023)

0.106*** (0.023)

0.013*** (0.002)

0.054*** (0.009)

0.067*** (0.009)

LG

0.002 (0.001)

0.049*** (0.009)

0.051*** (0.009)

0.004*** (0.001)

0.001 (0.005)

0.004 (0.005)

FD

0.049** (0.020)

−0.891** (0.337)

−0.842** (0.337)

0.045** (0.020)

0.379*** (0.116)

0.424*** (0.120)

ER

−0.0004* (0.0002)

−0.028 (0.019)

−0.029 (0.019)

−0.0004* (0.0002)

−0.002 (0.002)

−0.003 (0.002)

UR

−0.001** (0.0003)

0.022 (0.015)

0.021 (0.015)

−0.001*** (0.0003)

−0.001 (0.002)

−0.002 (0.002)

FIN

−0.043*** (0.007)

0.691*** (0.107)

0.648*** (0.106)

−0.033*** (0.006)

0.190*** (0.030)

0.157*** (0.031)

Control variables

Y

Y

Y

Y

Y

Y

R2

0.920

0.920

0.920

0.911

0.911

0.911

Spatial

0.135 (0.092)

0.135 (0.092)

0.135 (0.092)

0.523*** (0.022)

0.523*** (0.022)

0.523*** (0.022)

Obs

4260

4260

4260

4260

4260

4260

  1. *, **, and *** indicate statistical significance at 10%, 5%, and 1%, respectively. Standard errors in brackets.
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