Table 12 The regression results of UIB and LM on CE.

From: Urban land supply strategies and carbon emissions in China: from the perspective of land-based fiscal revenue and land-based investment

Variables

Urban investment bonds

Land mortgage

(1)

(2)

(3)

(4)

(5)

CO2−1

0.788*** (0.033)

0.807*** (0.033)

0.713*** (0.033)

0.834*** (0.029)

0.818*** (0.032)

UIB

0.00004*** (0.00001)

    

NUIB

 

0.0003** (0.0001)

   

RUIB

  

0.008 (0.005)

  

LML

   

0.005*** (0.001)

 

LMA

    

0.003*** (0.001)

FD

0.208*** (0.054)

0.217*** (0.055)

0.212*** (0.059)

−0.033 (0.043)

−0.014 (0.040)

ER

0.00001 (0.0001)

0.0001 (0.0001)

0.00001 (0.0002)

−0.0003 (0.0002)

−0.0003 (0.0003)

UR

0.001* (0.0007)

0.001 (0.001)

0.001 (0.0008)

−0.003** (0.001)

−0.002 (0.001)

FIN

0.022 (0.014)

0.019 (0.016)

0.009 (0.016)

0.055*** (0.015)

0.042** (0.016)

Control variables

Y

Y

Y

Y

Y

AR(1)

−10.609***

−10.737***

−10.497***

−7.384***

−7.343***

AR(2)

0.408

0.522

0.605

−2.304**

−2.322**

Sargan

248.977 (0.000)

249.277 (0.000)

250.769 (0.000)

217.146 (0.000)

215.343 (0.000)

Obs

1919

1919

1919

2037

2037

  1. *, **, and *** indicate statistical significance at 10%, 5%, and 1%, respectively. Standard errors in brackets.
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