Table 9 The regression results of the learning mechanism.

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

 

All

Eastern

Central

Western

Internal

0.102***

0.134***

0.112***

0.080***

(0.016)

(0.022)

(0.029)

(0.027)

\({R}^{2}\)

0.268

0.327

0.348

0.119

F-value

134.577***

66.923***

72.522***

12.394***

External

0.015***

0.003

0.027***

0.022***

(0.001)

(0.002)

(0.003)

(0.002)

\({R}^{2}\)

0.327

0.344

0.413

0.288

F-value

196.705***

79.475***

105.439***

40.768***

Control variables

YES

YES

YES

YES

N

2838

1067

1056

715

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