Table 3 Superposition policy test.
(5) | (6) | (7) | (8) | |
|---|---|---|---|---|
\(du \times dt\) | 0.0487** (0.0203) | 0.0379* (0.0202) | 0.0256*** (0.0078) | 0.0224*** (0.0078) |
Low carbon | 0.0031 (0.0210) | 0.0007 (0.0081) | ||
Carbon trading | − 0.1644*** (0.0279) | − 0.0442*** (0.0115) | ||
LnFE | 0.0484*** (0.0129) | 0.0490*** (0.0128) | ||
LnIND | 0.0191* (0.0056) | 0.0094* (0.0056) | ||
LnPGDP | 0.3348*** (0.0253) | 0.3106*** (0.0260) | ||
LnURBAN | − 0.0440** (0.0188) | − 0.0589*** (0.0191) | ||
LnFDI | 0.0115*** (0.0021) | 0.0109*** (0.0021) | ||
LnTI | 0.0234*** (0.0058) | 0.0227*** (0.0058) | ||
Constant | − 0.8253*** (0.0634) | − 0.8325*** (0.0624) | − 3.5386*** (0.2407) | − 3.2521*** (0.2508) |
Year fixed effects | Yes | Yes | Yes | Yes |
City fixed effects | Yes | Yes | Yes | Yes |
Observations | 3540 | 3540 | 3540 | 3540 |
\(R^{2}\) | 0.6554 | 0.6590 | 0.7656 | 0.7667 |