Table 2.
Verification of robustness by comparing the single-difference method.
Single-difference method | Double-difference method | |
---|---|---|
Secondary industry as a share of GDP | 0.89 | 0.93 |
Annual natural population growth rate | 0.04 | 0.06 |
City/region individual fixed effects | Control | Control |
Fixed asset investment | 0.03 | 0.05 |
Whether to establish a bonded zone or a free trade zone | Yes | Yes |
Expenditures in the budget | 2.3% | 2.4% |