TABLE 8.
Effect of vegetable planting area on Chinese cabbage price: DID estimates
| (1) | (2) | (3) | |
|---|---|---|---|
| Treat×lnArea | −0.127*** | −0.201*** | −0.188*** |
| (−3.92) | (−3.62) | (−3.17) | |
| Treat | 0.298*** | 0.051 | 0.074 |
| (3.60) | (0.34) | (0.47) | |
| Constant | 0.214*** | 0.207*** | 0.252*** |
| (5.51) | (5.49) | (6.86) | |
| Market FEs | Yes | Yes | Yes |
| Day FEs | Yes | Yes | Yes |
| Province×Treat | No | Yes | Yes |
| Market×Time | No | No | Yes |
| Observations | 28,219 | 28,219 | 28,219 |
| R‐squared | 0.523 | 0.562 | 0.620 |
| Control group | 2018 Jan. ‐2018 May & | 2018 Jan. ‐2018 May & | 2018 Jan. ‐2018 May & |
| 2019 Jan. ‐2019 May | 2019 Jan. ‐2019 May | 2019 Jan. ‐2019 May |
Notes. The time window of observation is from January 29 to May 7, the fifteenth week after lockdown. Standard error is clustered at market level and t statistics are in parentheses.
* = p < 0.1.
** = p < 0.05.
***
= p < 0.01.