Table 8 Heterogeneity tests.

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

Variables

(1)

(2)

(3)

(4)

(5)

(6)

TFEE

TFEE

TFEE

TFEE

TFEE

TFEE

Treat×Post×Coa

0.246*

0.210*

    
 

(0.132)

(0.115)

    

Treat×Post×Gra

  

0.263**

0.317**

  
   

(0.120)

(0.124)

  

Treat×Post×Res

    

0.132***

0.122**

     

(0.048)

(0.048)

Control

YES

YES

No

YES

No

YES

Constant

−0.394***

5.584***

−0.004

−0.198

−0.002

−0.102

 

(0.111)

(1.984)

(0.010)

(2.733)

(0.010)

(2.734)

Obs

3016

3014

3080

3014

3080

3,014

R-squared

0.197

0.705

0.694

0.707

0.694

0.706

City FE

No

YES

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

YES

YES

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