Table A1

Robustness check (Placebo Test)

VariableCoefficientRobust standard errort-statisticp-value
Treatment0.0240.0340.700.484
Pseudo-Time Indicator−0.0740.069−1.070.234
Placebo DiD0.0170.0250.680.491
Constant0.5780.2122.730.041
Source(s): Authors’ own work

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