Table 4 Mechanism test.

From: Can “Characteristic Town” construction protect the rural environment and enhance the rural economy? Perspectives on efficiency improvement and economies of scale

 

(1)

(2)

(3)

(4)

VARIABLES

tfp

eco

psize

eco

did

0.0384***

1.3256***

0.0635***

−0.3065***

(0.0129)

(0.2085)

(0.0197)

(0.0466)

tfp

 

0.1210*

  
 

(0.0661)

  

did×tfp

 

0.1215***

  
 

(0.0199)

  

psize

   

0.2712***

   

(0.0371)

did×psize

   

0.2265***

   

(0.0342)

Constant

10.6246***

−0.7484

1.1637***

0.4108***

(0.0656)

(0.6780)

(0.0356)

(0.0839)

Controls

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

County FE

YES

YES

YES

YES

Observations

1111

1111

1521

1521

Adjusted R2

0.9845

0.9388

0.9662

0.9696

  1. Robust standard errors in parentheses.
  2. ***p < 0.01, *p < 0.1.
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