Table 5.
Empirical estimation results with dependent variable log(Num_p) on March 2, 2020 with “purified” data set.
| Model (17) OLS (Subsample without Hubei Province, n = 198) |
Model (18) 2SLS (Subsample without Hubei Province, n = 198) |
Model (19) LGM MCMC Draws: 20,000,000 (Subsample without Hubei Province, n = 198) |
Model (20) OLS (Subsample without the city of Wuhan, n = 213) |
Model (21) 2SLS (Subsample without the city of Wuhan, n = 213) |
Model (22) LGM MCMC Draws: 20,000,000 (Subsample without the city of Wuhan, n = 213) |
|
|---|---|---|---|---|---|---|
| log(Dist) | −0.951⁎⁎⁎ (−14.09140) |
−0.963⁎⁎⁎ (−11.211) |
−0.949⁎⁎⁎ (−14.099) |
−1.425⁎⁎⁎ (−20.937) |
−1.396⁎⁎⁎ (−16.651) |
−1.422⁎⁎⁎ (−21.014) |
| Subway | 0.001⁎⁎ (2.394) |
0.002⁎ (1.866) |
0.001⁎⁎ (2.380) |
0.002⁎⁎ (2.107) |
0.002⁎⁎ (2.165) |
0.002⁎ (2.082) |
| log (Urban_area) | −0.211 (−1.398) |
−1.672 (−0.988756) |
−0.200 (−1.336) |
−0.328 (−1.590) |
−2.048 (−1.439) |
−0.286 (−1.411) |
| log (Population_density) | −0.087 (−0.585) |
−1.637 (−0.913) |
−0.075 (−0.510) |
−0.284 (−1.375) |
−2.136 (−1.396) |
−0.238 (−1.177) |
| log (Wastewater) | 0.346⁎⁎⁎ (3.219) |
0.901 (1.381) |
0.345⁎⁎⁎ (3.213) |
0.421⁎⁎⁎ (2.907) |
1.093⁎ (1.903) |
0.414⁎⁎ (2.876) |
| log (Garbage) | 0.522⁎⁎⁎ (4.206) |
1.174 (1.533) |
0.515⁎⁎⁎ (4.172) |
0.480⁎⁎⁎ (2.811) |
1.271⁎ (1.881) |
0.4520⁎⁎ (2.684) |
| log (Greenspace) | 0.077 (0.557) |
0.160 (0.803646) |
0.079 (0.570) |
−0.419⁎⁎ (−2.103) |
−0.826⁎⁎ (−2.030) |
−0.399⁎ (−2.023) |
| Capital_city | −0.045 (−0.318) |
0.191 (0.587) |
−0.048 (−0.341) |
0.029 (0.1474) |
0.224 (0.795) |
0.022 (0.113) |
| Adjusted R2 | 0.780 | 0.653 | 0.748 | 0.649 | ||
| Endogeneity Test (Difference in J-stats) | 1.192 | 2.096 | ||||
| Weak Instrument Diagnostics (Cragg-Donald F-stat) | 2.066 | 5.321 |
Note: The values of the constant terms are not reported. t statistics in parentheses. The data used in this table is obtained at 09:08 a.m. Beijing time, March 2, 2020.
⁎⁎⁎
p ≤ .01.
⁎⁎
0.01 < p < .05.
⁎
0.05 < p < .1.