Treatment effect models (treatment = close to hot spots)
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| TE | PS1 | PS2 | NN | |
| Living area | 0.0140*** (67.38) | 0.0113*** (31.09) | 0.0137*** (48.90) | 0.0142*** (51.48) |
| Monthly fee | −0.0000537*** (−18.47) | −0.0000795*** (−19.68) | −0.0000635*** (−14.15) | −0.0000503*** (−13.13) |
| Rooms | 0.0213*** (4.76) | 0.0637*** (9.91) | 0.0261*** (4.10) | 0.0265*** (4.56) |
| CBD | −0.0422*** (−10.46) | −0.0654*** (−13.78) | −0.0397*** (−8.36) | −0.0622*** (−9.71) |
| Shopping mall | −0.0214*** (−4.62) | −0.164*** (−10.08) | −0.0429*** (−7.13) | 0.000656 (0.10) |
| Metro station | −0.0514*** (−7.61) | −0.0922*** (−11.44) | −0.00274 (−0.26) | −0.0543*** (−5.60) |
| Treatment | 0.0202*** (4.24) | 0.0321*** (6.52) | 0.0256*** (4.76) | 0.000165 (0.02) |
| Propensity score | −1.210*** (−9.14) | |||
| Constant | −249.4*** (−10.67) | 102.4* (2.28) | −238.6*** (−8.09) | −234.5*** (−7.47) |
| Observations | 6,846 | 6,846 | 6,846 | 3,777 |
| R2 | 0.878 | 0.879 | 0.883 | 0.880 |
| AIC | −6,512.5 | −6,593.9 | −6,320.1 | −4,027.2 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| TE | PS1 | PS2 | NN | |
| Living area | 0.0140 | 0.0113 | 0.0137 | 0.0142 |
| Monthly fee | −0.0000537 | −0.0000795 | −0.0000635 | −0.0000503 |
| Rooms | 0.0213 | 0.0637 | 0.0261 | 0.0265 |
| CBD | −0.0422 | −0.0654 | −0.0397 | −0.0622 |
| Shopping mall | −0.0214 | −0.164 | −0.0429 | 0.000656 (0.10) |
| Metro station | −0.0514 | −0.0922 | −0.00274 (−0.26) | −0.0543 |
| Treatment | 0.0202 | 0.0321 | 0.0256 | 0.000165 (0.02) |
| Propensity score | −1.210 | |||
| Constant | −249.4 | 102.4 | −238.6 | −234.5 |
| Observations | 6,846 | 6,846 | 6,846 | 3,777 |
| 0.878 | 0.879 | 0.883 | 0.880 | |
| −6,512.5 | −6,593.9 | −6,320.1 | −4,027.2 |
Notes:
t statistics in parentheses; *p < 0.05, **p < 0.01, ***p < 0.001