Table 12 Environmental benefit analysis.
(1) | (2) | (3) | (4) | |
|---|---|---|---|---|
CO2 | CO2 | SO2 | SO2 | |
GIP | − 0.0818*** | − 0.4033*** | ||
(0.0280) | (0.0451) | |||
GUP | − 0.0514* | − 0.4105*** | ||
(0.0312) | (0.0503) | |||
Control variables | √ | √ | √ | √ |
City fixed effects | √ | √ | √ | √ |
Year fixed effects | √ | √ | √ | √ |
N | 3920 | 3920 | 3920 | 3920 |
R2 | 0.3488 | 0.3478 | 0.6468 | 0.6455 |