Baseline regression estimation results
| (1) | (2) | |
|---|---|---|
| Ind. var. | Qual | Qual |
| <−12°C | −0.0007 (0.001) | −0.0001 (0.001) |
| −12∼−9°C | −0.0003 (0.001) | 0.0005 (0.001) |
| −9∼−6°C | −0.0004 (0.001) | 0.0001 (0.001) |
| −6∼−3°C | −0.0007 (0.001) | −0.0002 (0.001) |
| −3∼0°C | −0.0009 (0.001) | −0.0002 (0.001) |
| 0∼3°C | −0.0010 (0.001) | −0.0003 (0.001) |
| 3∼6°C | −0.0011* (0.001) | −0.0007 (0.001) |
| 6∼9°C | −0.0009 (0.001) | −0.0004 (0.001) |
| 9∼12°C | −0.0015*** (0.001) | −0.0012** (0.000) |
| 12∼15°C | −0.0005 (0.000) | −0.0003 (0.000) |
| 18∼21°C | −0.0012*** (0.000) | −0.0011*** (0.000) |
| 21∼24°C | −0.0013*** (0.000) | −0.0011*** (0.000) |
| 24∼27°C | −0.0015*** (0.000) | −0.0016*** (0.000) |
| 27∼30°C | −0.0012** (0.001) | −0.0017*** (0.001) |
| >=30°C | −0.0009 (0.001) | −0.0019*** (0.001) |
| 0 mm | 0.0001 (0.000) | |
| 0–10 mm | −0.0001 (0.000) | |
| 25–50 mm | −0.0010* (0.001) | |
| 50–100 mm | −0.0007 (0.001) | |
| 100–250 mm | 0.0094*** (0.003) | |
| >= 250mm | 0.0020 (0.010) | |
| Wind | −0.0387*** (0.011) | |
| Sun | −0.0023 (0.007) | |
| Wet | −0.0556 (0.081) | |
| Atmo | 2.4134 (2.697) | |
| Constant | 0.7253***(0.115) | −26.7565 (30.972) |
| Firm-by-product FE | Yes | Yes |
| Province-by-year FE | Yes | Yes |
| Product -by-year FE | Yes | Yes |
| Observations | 10,619,712 | 10,619,712 |
| R2 | 0.674 | 0.674 |
| (1) | (2) | |
|---|---|---|
| Ind. var. | ||
| <−12°C | −0.0007 (0.001) | −0.0001 (0.001) |
| −12∼−9°C | −0.0003 (0.001) | 0.0005 (0.001) |
| −9∼−6°C | −0.0004 (0.001) | 0.0001 (0.001) |
| −6∼−3°C | −0.0007 (0.001) | −0.0002 (0.001) |
| −3∼0°C | −0.0009 (0.001) | −0.0002 (0.001) |
| 0∼3°C | −0.0010 (0.001) | −0.0003 (0.001) |
| 3∼6°C | −0.0011 | −0.0007 (0.001) |
| 6∼9°C | −0.0009 (0.001) | −0.0004 (0.001) |
| 9∼12°C | −0.0015 | −0.0012 |
| 12∼15°C | −0.0005 (0.000) | −0.0003 (0.000) |
| 18∼21°C | −0.0012 | −0.0011 |
| 21∼24°C | −0.0013 | −0.0011 |
| 24∼27°C | −0.0015 | −0.0016 |
| 27∼30°C | −0.0012 | −0.0017 |
| >=30°C | −0.0009 (0.001) | −0.0019 |
| 0 mm | 0.0001 (0.000) | |
| 0–10 mm | −0.0001 (0.000) | |
| 25–50 mm | −0.0010 | |
| 50–100 mm | −0.0007 (0.001) | |
| 100–250 mm | 0.0094 | |
| >= 250mm | 0.0020 (0.010) | |
| −0.0387 | ||
| −0.0023 (0.007) | ||
| −0.0556 (0.081) | ||
| 2.4134 (2.697) | ||
| Constant | 0.7253 | −26.7565 (30.972) |
| Firm-by-product FE | Yes | Yes |
| Province-by-year FE | Yes | Yes |
| Product -by-year FE | Yes | Yes |
| Observations | 10,619,712 | 10,619,712 |
| 0.674 | 0.674 |
Notes:
*,** and ***denote significance at the 10, 5 and 1% levels, respectively. Standard errors in parentheses are clustered by firm and city-year levels
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