Baseline results
| Variable | (1) Fixed effects control | (2) Fixed effects full |
|---|---|---|
| ENT (Platform entry) | −85.856** (42.747) | |
| NP (New house price) | −60.519** (25.342) | −59.565** (25.232) |
| SP (Second-hand house price) | 383.161*** (25.388) | 381.616*** (25.285) |
| GDP (GDP) | 324.022*** (54.717) | 323.706*** (54.469) |
| INC (Income) | −137.857*** (33.956) | −136.179*** (33.813) |
| CPI (Consumer price index) | 1.874 (5.169) | 1.831 (5.146) |
| POP (Net migration rate) | 0.844*** (0.129) | 0.844*** (0.129) |
| Constant | −3008.112*** (740.574) | −3016.463*** (737.235) |
| Time trend | Included | Included |
| Time dummies | Included | Included |
| R2 | 0.8933 | 0.8945 |
| Variable | (1) Fixed effects control | (2) Fixed effects full |
|---|---|---|
| −85.856** (42.747) | ||
| −60.519** (25.342) | −59.565** (25.232) | |
| 383.161*** (25.388) | 381.616*** (25.285) | |
| 324.022*** (54.717) | 323.706*** (54.469) | |
| −137.857*** (33.956) | −136.179*** (33.813) | |
| 1.874 (5.169) | 1.831 (5.146) | |
| 0.844*** (0.129) | 0.844*** (0.129) | |
| −3008.112*** (740.574) | −3016.463*** (737.235) | |
| Time trend | Included | Included |
| Time dummies | Included | Included |
| 0.8933 | 0.8945 |
Note(s): Standard errors in parentheses; **p < 0.05, ***p < 0.01
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