Table 3.
PSM-DID regression results.
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| Rem-vol | Rem-vol | Tre-cap | Tre-cap | Tre-rate | Tre-rate | |
| Hea-City | 0.1479*** | 0.0999* | −3.5130** | 0.0792* | 0.0974* | −2.4088** |
| (0.0430) | (0.0514) | (1.3757) | (0.0448) | (0.0569) | (1.2267) | |
| Control variable | Yes | Yes | Yes | Yes | Yes | Yes |
| Constant | 3.2771*** | 6.6665*** | 78.4071*** | 3.4477*** | 6.6603*** | 82.1402*** |
| (0.1263) | (0.1596) | (5.2696) | (0.1385) | (0.1954) | (3.8590) | |
| Observations | 4,447 | 3,925 | 3,972 | 3,023 | 2,715 | 2,743 |
| Adjusted R2 | 0.2952 | 0.3935 | 0.2548 | 0.4294 | 0.4059 | 0.2338 |
Numbers in brackets are robust standard errors clustered at the city level.
***, **, and *
indicate p < 0.01, p < 0.05, and p < 0.1, respectively.
Controlled for year fixed effects and city fixed effects.