Table 9.
Placebo test 2: randomly select the treatment group.
| variables | replicate 1 | replicate 2 | replicate 3 | |||
|---|---|---|---|---|---|---|
| 0.005 (0.032) | 0.012 (0.030) | −0.026 (0.030) | −0.018 (0.027) | 0.018 (0.032) | 0.018 (0.030) | |
| InduStru | −0.043* (0.025) | −0.042 (0.025) | −0.043* (0.026) | |||
| Econ | −0.251*** (0.069) | −0.251*** (0.068) | −0.250*** (0.068) | |||
| Sci | −0.038*** (0.011) | −0.038*** (0.011) | −0.038*** (0.011) | |||
| Edu | −0.083 *** (0.024) | −0.082*** (0.024) | −0.082*** (0.024) | |||
| Invest | 0.007 (0.025) | −0.011 (0.007) | −0.010 (0.007) | |||
| Temp | 0.092*** (0.033) | 0.092*** (0.033) | 0.092*** (0.033) | |||
| Wind | −0.005 (0.007) | −0.005 (0.007) | −0.004 (0.007) | |||
| Hum | 0.030 (0.025) | 0.030 (0.025) | 0.030 (0.025) | |||
| city fixed effects | YES | YES | YES | YES | YES | YES |
| year fixed effects | YES | YES | YES | YES | YES | YES |
| N | 2625 | 2625 | 2625 | 2625 | 2625 | 2625 |
| R2 | 0.274 | 0.324 | 0.274 | 0.320 | 0.275 | 0.340 |
***p < 0.01, **p < 0.05, *p < 0.1.