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Regression results after winsorization treatment.
| (1) |
(2) |
(3) |
(4) |
|
|---|---|---|---|---|
| IND | IND | IND | IND | |
| ER_1 | 1.187*** | 3.301*** | ||
| (3.61) | (6.72) | |||
| ER_12 | −0.737*** | |||
| (-5.79) | ||||
| ER_2 | 0.016** | −0.019 | ||
| (2.23) | (-0.59) | |||
| ER_22 | 0.000 | |||
| (1.10) | ||||
| _cons | 228.697*** | 228.585*** | 227.379*** | 228.256*** |
| (102.15) | (102.46) | (101.41) | (95.95) | |
| Control Variables | Yes | Yes | Yes | Yes |
| Provincial FE | Yes | Yes | Yes | Yes |
| Time FE | Yes | Yes | Yes | Yes |
| N | 4576 | 4576 | 4576 | 4576 |
| R2 | 0.69 | 0.69 | 0.69 | 0.69 |
