Table 8 The complementarity test of peer effects.

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

 

L-L

L-H

H-H

H-L

\(\rho\)

0.716***

0.119*

0.148**

0.185***

(0.052)

(0.063)

(0.062)

(0.051)

Control variables

YES

YES

YES

YES

N

1419

1419

1419

1419

\({R}^{2}\)

0.714

0.672

0.629

0.631

F-value

456.470

375.387

308.884

311.644

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