Table 7 Counterfactual test – ‘pure pseudo-neighbourhood’.

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

 

SAR

SEM

SDM

\(\rho\)

−0.017

 

0.023

(0.018)

 

(0.020)

λ

 

0.017

 
 

(0.020)

 

Control variables

YES

YES

YES

City

YES

YES

YES

Year

YES

YES

YES

N

2580

2580

2580

\({R}^{2}\)

0.450

0.454

0.436

Log-likelihood

945.686

945.601

970.020

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