Table 13 Spatial model regression results.

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

Variables

Inverse distance space weight matrix

Spatial Economic Distance Matrix

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

Main

LR_Direct

LR_Indirect

LR_Total

Main

LR_Direct

LR_Indirect

LR_Total

ρ

0.260*

   

0.402***

   
 

(0.136)

   

(0.110)

   

Post×treat

0.012***

0.012***

−0.099**

−0.088**

0.010**

0.009**

−0.072*

−0.062*

 

(0.004)

(0.004)

(0.040)

(0.037)

(0.004)

(0.004)

(0.038)

(0.036)

W×Post×treat

−0.073***

   

−0.047**

   
 

(0.027)

   

(0.023)

   

sigma2_e

0.001***

   

0.001***

   
 

(0.000)

   

(0.000)

   

Control

YES

YES

YES

YES

YES

YES

YES

YES

City FE

YES

YES

YES

YES

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

YES

YES

YES

YES

Obs

3003

3003

3003

3003

3003

3003

3003

3003

  1. ***, **, and * represent significance levels of 1%, 5%, and 10%, respectively. Robust standard errors after clustering are in the parentheses.