Table 4 PSM-DID regression.
PSM-DID | ||||
|---|---|---|---|---|
(9) | (10) | (11) | (12) | |
\(du \times dt\) | 0.0528*** (0.0204) | 0.0499*** (0.0174) | 0.0419*** (0.0147) | 0.0260*** (0.0078) |
\(du\) | − 1.1862*** (0.0881) | − 1.1830*** (0.0757) | − 0.9287*** (0.0657) | − 0.3398*** (0.0357) |
\(dt\) | 0.2661*** (0.0221) | 0.1950*** (0.0237) | 0.1609*** (0.0203) | − 0.3372*** (0.0352) |
LnFE | 0.0837*** (0.0310) | 0.0796*** (0.0257) | 0.0504*** (0.0130) | |
LnIND | 0.0189* (0.0106) | 0.0091* (0.0057) | ||
LnPGDP | 0.3441*** (0.0262) | |||
LnURBAN | − 0.0415** (0.0188) | |||
LnFDI | 0.0114*** (0.0021) | |||
LnTI | 0.0172*** (0.0065) | |||
Constant | − 0.8244*** (0.0627) | − 0.5873*** (0.0930) | − 0.5813*** (0.0789) | − 3.6564*** (0.2487) |
Year fixed effects | Yes | Yes | Yes | Yes |
City fixed effects | Yes | Yes | Yes | Yes |
Observations | 3528 | 3528 | 3528 | 3528 |
\(R^{2}\) | 0.6524 | 0.7042 | 0.7402 | 0.7637 |