Table 3.

Estimation results of the linear panel model with dummy interaction terms

DumWaterHigh incomeLow income
Variables(1)(2)(3)(4)(5)(6)
lnWater0.3105*** (0.034)0.3172*** (0.035)0.1636* (0.083)0.1754* (0.087)0.1895*** (0.031)0.1963*** (0.032)
TDEV0.0365 (0.036) −0.0042 (0.075) 0.0383 (0.033) 
TDEV × Dum−0.0119*** (0.003) 0.0031 (0.010) −0.0093* (0.05) 
hdd 0.0076 (0.035) −0.0207 (0.062) 0.0137 (0.031)
hdd × Dum −0.0091** (0.002) 0.0074 (0.011) −0.0075 (0.004)
cdd 0.3104** (0.123) 0.1496 (0.232) 0.3055*** (0.091)
cdd × Dum −0.1356* (0.072) −0.1244 (0.134) −0.1115** (0.053)
Constant−1.1384 (1.612)−1.3035 (1.584)7.9662** (2.558)7.8227** (2.544)−1.5091 (2.381)−1.6424 (2.341)
ControlsYesYesYesYesYesYes
City fixed effectYesYesYesYesYesYes
Time-fixed effectYesYesYesYesYesYes
ClusterProvinceProvinceProvinceProvinceProvinceProvince
N4,3694,3691,5161,5162,8532,853
adj. R20.6480.6490.1670.1670.6650.666

Notes:

Standard errors are in parentheses; ***, ** and * indicate significance at the 1, 5 and 10% levels, respectively

Source: Created by author

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