Table 10 The regression results of the competition mechanism.

From: Peer effects in local government decision-making on new infrastructure investment: evidence from Chinese 258 cities

 

All

Eastern

Central

Western

Fiscal

0.018***

0.017***

0.024***

0.024***

(0.001)

(0.002)

(0.003)

(0.002)

\({R}^{2}\)

0.332

0.373

0.413

0.240

F-value

200.688***

89.809***

105.228***

31.851***

Talent

0.011***

0.006***

0.016***

0.017***

(0.001)

(0.002)

(0.002)

(0.002)

\({R}^{2}\)

0.310

0.348

0.393

0.196

F-value

181.939***

80.869***

96.887***

24.607***

Industrial

0.025***

0.018***

0.042***

0.029***

(0.001)

(0.002)

(0.002)

(0.003)

\({R}^{2}\)

0.369

0.388

0.513

0.271

F-value

236.613***

95.906***

157.744***

37.545***

Control variables

YES

YES

YES

YES

N

2838

1067

1056

715

  1. *, **, *** denote significant levels at 10%, 5%, and 1%, respectively. Standard errors are reported in parentheses. Control variables are the same as those used in the baseline regression.
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