Table 10.
Heterogeneity by city size.
| (1) | (2) | (3) | |
|---|---|---|---|
| Rem-vol | Tre-cap | Tre-rate | |
| Scale*Hea-City | 0.1871*** | 0.1435*** | −3.9736*** |
| (0.0449) | (0.0493) | (1.3414) | |
| Control variable | Yes | Yes | Yes |
| Constant | 3.2159*** | 6.7385*** | 78.0544*** |
| (0.1259) | (0.1501) | (5.0757) | |
| Observations | 4,456 | 3,933 | 3,979 |
| Adjusted R2 | 0.2873 | 0.3901 | 0.2545 |
Numbers in brackets are robust standard errors clustered at the city level.
Indicate p < 0.01, p < 0.05, and p < 0.1, respectively.
Controlled for year fixed effects and city fixed effects.