Table 6 Counterfactual test – ‘pseudo-neighbourhood’.

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

 

SAR

SEM

SDM

\(\rho\)

−0.041

 

0.048

(0.042)

 

(0.052)

λ

 

0.054

 
 

(0.051)

 

Control variables

YES

YES

YES

City

YES

YES

YES

Year

YES

YES

YES

N

2580

2580

2580

\({R}^{2}\)

0.444

0.453

0.374

Log-likelihood

945.714

945.771

962.130

  1. *, **, *** denote significant levels at 10%, 5%, and 1%, respectively. Robust standard errors are reported in parentheses. Control variables are consistent with those used in the baseline regression
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