Table 10 Mechanism test 2.

From: Market-incentive environmental regulation and total factor energy efficiency: evidence from China’s energy-consuming right trading pilot

Variables

(1)

(2)

ISU

ISU

Treat×Post

0.011***

0.021***

 

(0.003)

(0.003)

Control

NO

YES

Constant

0.409***

2.034***

 

(0.001)

(0.175)

Obs

3080

3014

R-squared

0.905

0.919

City FE

YES

YES

Year FE

YES

YES

  1. *** represents significance levels of 1%. Robust standard errors after clustering are in the parentheses.
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