The effect of GPP on firms’ air pollution
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Variables | SO2 | SO2 | SO2 | SO2 | SO2 |
| GPP | −0.7535*** (0.0782) | −0.1086*** (0.0287) | −0.1040*** (0.0282) | ||
| Capital | 0.1314*** (0.0109) | 0.1315*** (0.0109) | |||
| Size | 0.3453*** (0.0149) | 0.3454*** (0.0149) | |||
| Age | 0.0330*** (0.0079) | 0.0329*** (0.0078) | |||
| SOE | 0.0300 (0.0206) | 0.0301 (0.0207) | |||
| Foreign | 0.0472*** (0.0180) | 0.0470*** (0.0180) | |||
| HHI | −0.0563*** (0.0160) | −0.0569*** (0.0160) | |||
| Output | 0.0323*** (0.0091) | 0.0322*** (0.0091) | |||
| GDP | −0.2571*** (0.0519) | −0.2567*** (0.0518) | |||
| FDI | 0.0173*** (0.0041) | 0.0173*** (0.0041) | |||
| Pre_5 | 0.0360 (0.0610) | 0.0258 (0.0605) | |||
| Pre_4 | 0.0706 (0.0662) | 0.0543 (0.0640) | |||
| Pre_3 | 0.0973 (0.0612) | 0.0841 (0.0636) | |||
| Pre_2 | −0.0129 (0.0583) | −0.0257 (0.0599) | |||
| Current | −0.0738* (0.0427) | −0.0755* (0.0445) | |||
| Post_1 | −0.0673 (0.0432) | −0.0799* (0.0457) | |||
| Post_2 | −0.1065*** (0.0394) | −0.1087*** (0.0412) | |||
| Post_3 | −0.1248*** (0.0409) | −0.1342*** (0.0481) | |||
| Post_4 | −0.1082** (0.0498) | −0.1230** (0.0484) | |||
| Constant | 10.1715*** (0.0707) | 10.1556*** (0.0040) | 11.4194*** (0.8308) | 10.1550*** (0.0042) | 11.4126*** (0.8303) |
| Observations | 215,186 | 215,116 | 215,116 | 215,116 | 215,116 |
| Adjusted R2 | 0.0035 | 0.7753 | 0.7781 | 0.7753 | 0.7781 |
| Year FE | No | Yes | Yes | Yes | Yes |
| Firm FE | No | Yes | Yes | Yes | Yes |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Variables | SO2 | SO2 | SO2 | SO2 | SO2 |
| GPP | −0.7535 | −0.1086 | −0.1040 | ||
| Capital | 0.1314 | 0.1315 | |||
| Size | 0.3453 | 0.3454 | |||
| Age | 0.0330 | 0.0329 | |||
| SOE | 0.0300 (0.0206) | 0.0301 (0.0207) | |||
| Foreign | 0.0472 | 0.0470 | |||
| HHI | −0.0563 | −0.0569 | |||
| Output | 0.0323 | 0.0322 | |||
| GDP | −0.2571 | −0.2567 | |||
| FDI | 0.0173 | 0.0173 | |||
| Pre_5 | 0.0360 (0.0610) | 0.0258 (0.0605) | |||
| Pre_4 | 0.0706 (0.0662) | 0.0543 (0.0640) | |||
| Pre_3 | 0.0973 (0.0612) | 0.0841 (0.0636) | |||
| Pre_2 | −0.0129 (0.0583) | −0.0257 (0.0599) | |||
| Current | −0.0738 | −0.0755 | |||
| Post_1 | −0.0673 (0.0432) | −0.0799 | |||
| Post_2 | −0.1065 | −0.1087 | |||
| Post_3 | −0.1248 | −0.1342 | |||
| Post_4 | −0.1082 | −0.1230 | |||
| Constant | 10.1715 | 10.1556 | 11.4194 | 10.1550 | 11.4126 |
| Observations | 215,186 | 215,116 | 215,116 | 215,116 | 215,116 |
| Adjusted | 0.0035 | 0.7753 | 0.7781 | 0.7753 | 0.7781 |
| Year FE | No | Yes | Yes | Yes | Yes |
| Firm FE | No | Yes | Yes | Yes | Yes |
*, **and ***, respectively, indicate that the significance is 10, 5 and 1%; the values in brackets are robust standard errors for clustering to industry-year
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