Table 2 Difference-in-difference model (DID) regression results.
DID | ||||
|---|---|---|---|---|
(1) | (2) | (3) | (4) | |
\(du \times dt\) | 0.0505*** (0.0195) | 0.0461*** (0.0173) | 0.0385*** (0.0146) | 0.0252*** (0.0076) |
\(du\) | − 1.1841*** (0.0832) | − 1.1816*** (0.0743) | − 0.9266*** (0.0646) | − 0.3238*** (0.0341) |
\(dt\) | 0.2571*** (0.0212) | 0.1951*** (0.0236) | 0.1613*** (0.0203) | − 0.3115*** (0.0331) |
LnFE | 0.0827*** (0.0309) | 0.0785*** (0.0256) | 0.0491*** (0.0126) | |
LnIND | 0.0191* (0.0106) | 0.0092* (0.0055) | ||
LnPGDP | 0.3213*** (0.0246) | |||
LnURBAN | − 0.0402** (0.0182) | |||
LnFDI | 0.0109*** (0.0020) | |||
LnTI | 0.0166*** (0.0063) | |||
Constant | − 0.8164*** (0.0603) | − 0.5893*** (0.0928) | − 0.5842*** (0.0788) | − 3.4439*** (0.2339) |
Year fixed effects | Yes | Yes | Yes | Yes |
City fixed effects | Yes | Yes | Yes | Yes |
Observations | 3540 | 3540 | 3540 | 3540 |
\(R^{2}\) | 0.6694 | 0.7070 | 0.7427 | 0.7630 |