Table 2 Baseline Regressions and Lagged Effects.

From: The impact of China’s cooperative breeding program of giant pandas on Chinese inbound tourism

 

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

tourist

tourist

tourist

tourist

tourist

tourist

tourist

tourist

pandaprogram

2.124***

       

(0.673)

       

panda_lag1

 

1.7626***

      
 

(0.640)

      

panda_lag2

  

1.8584***

     
  

(0.675)

     

panda_lag3

   

1.5272**

    
   

(0.693)

    

panda_lag4

    

1.3630*

   
    

(0.710)

   

babyborn

     

1.3008**

  
     

(0.609)

  

babyback

      

1.9129*

 
      

(1.047)

 

pandadeath

       

−1.7202

       

(1.710)

pop

0.026*

0.0248*

0.0250*

0.0249*

0.0248*

0.0254*

0.0249*

0.0250*

(0.013)

(0.013)

(0.013)

(0.013)

(0.013)

(0.013)

(0.013)

(0.013)

lngni

3.976***

3.9853***

4.0131***

3.9996***

3.9891***

3.9616***

3.9215***

3.8868***

(0.725)

(0.726)

(0.726)

(0.727)

(0.727)

(0.726)

(0.726)

(0.727)

relativeprice

5.351***

5.2630***

5.2971***

5.2130***

5.1507***

5.1354***

4.6762***

4.6825***

(1.368)

(1.368)

(1.369)

(1.372)

(1.372)

(1.372)

(1.357)

(1.359)

finance

0.002

0.0020

0.0014

0.0019

0.0018

0.0008

0.0026

0.0039

(0.017)

(0.017)

(0.017)

(0.017)

(0.017)

(0.017)

(0.017)

(0.017)

polistable

−0.803***

−0.8163***

−0.8212***

−0.8172***

−0.8173***

−0.7913***

−0.8023***

−0.7760***

(0.291)

(0.291)

(0.291)

(0.291)

(0.292)

(0.291)

(0.291)

(0.291)

infrastructure

0.158***

0.1570***

0.1560***

0.1539***

0.1529***

0.1534***

0.1515***

0.1451***

(0.028)

(0.028)

(0.028)

(0.028)

(0.028)

(0.028)

(0.028)

(0.028)

traderatio

0.045***

0.0436***

0.0438***

0.0429***

0.0424***

0.0430***

0.0406***

0.0404***

(0.008)

(0.008)

(0.008)

(0.008)

(0.008)

(0.008)

(0.008)

(0.008)

Constant

−46.332***

−46.6090***

−46.6040***

−46.2453***

−46.2234***

−45.8589***

−48.6096***

−44.7668***

(7.697)

(7.711)

(7.711)

(7.714)

(7.722)

(7.710)

(6.420)

(7.703)

Year Fixed Effect

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Country Fixed Effect

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Observations

2,528

2,528

2,528

2,528

2,528

2,528

2,528

2,528

R-squared

0.069

0.068

0.068

0.067

0.066

0.066

0.066

0.065

  1. Robust standard errors are in parentheses; *p < 0.10, **p < 0.05, ***p < 0.01.
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