Table 5.
Regression results: restricting to regions with single POI.
| (I) | (II) | (III) | (IV) | |
|---|---|---|---|---|
| Short | 0.02 | 0.021 | 0.067** | 0.068** |
| [0.024] | [0.025] | [0.025] | [0.025] | |
| Short * Restaurant | -0.022** | -0.023** | ||
| [0.008] | [0.008] | |||
| After | 0.067* | 0.068* | ||
| [0.035] | [0.035] | |||
| After * Restaurant | -0.012 | |||
| [0.016] | ||||
| Number of observations | 1,36,486 | 1,36,486 | 1,36,486 | 1,36,486 |
| Adjusted R-squared | 0.8909 | 0.8909 | 0.8909 | 0.8909 |
Notes: The estimation results using the OLS method are reported. ***, **, and * indicate 1%, 5%, and 10% levels of statistical significance, respectively. The standard errors reported in parentheses are those clustered by prefectures. In all specifications, we controlled for location fixed effects, time fixed effects, and quality fixed effects.