Table 7 Robustness tests by excluding potential impacts of other policies.

From: Poison or catalyst? How do energy saving targets matter for firm-level productivity in China

Variables

marketshare

TFP_LP

TFP_LP

TFP_LP

TFP_LP

Model 21

Model 22

Model 23

Model 24

Model 25

target

0.1690***

 

0.0139***

 

0.0143***

(0.0058)

 

(0.0020)

 

(0.0020)

target2

−0.0002***

 

−0.0002***

 

−0.0002***

(0.0001)

 

(0.0000)

 

(0.0000)

marketshare

 

0.1613***

0.1613***

0.1612***

0.1610***

 

(0.0027)

(0.0029)

(0.0027)

(0.0029)

LCCP

 

−0.0767***

−0.0703***

  
 

(0.0194)

(0.0194)

  

CETSP

   

0.209

0.212

   

(0.2519)

(0.2511)

Control

YES

YES

YES

YES

YES

Constant

−3.2470***

2.8216***

2.8415***

2.8276***

2.8475***

(0.1701)

(0.0617)

(0.0616)

(0.0617)

(0.0616)

year

YES

YES

YES

YES

YES

industry

YES

YES

YES

YES

YES

province

YES

YES

YES

YES

YES

N

21334

21334

21334

21334

21334

R-sq

0.3788

0.7279

0.7292

0.7275

0.7289

  1. Notes: LCCP = Whether an enterprise’s location city is a low-carbon pilot city; CETSP = Whether an enterprise’s location city is a carbon emission trading system pilot city; Standard errors are in parentheses. * p < 0.1, ** p < 0.05, *** p < 0.01.