Evaluating the Effect of China’s Carbon Emission Trading Policy on Energy Efficiency of the Construction Industry Based on a Difference-in-Differences Method
Table 3
Impact of the carbon emission trading policy on energy efficiency of the construction industry.
(1) lnee
(2) lnee
(3) lnee
(4) lnee
(5) lnee
treatipostt
0.210∗
0.334∗∗∗
0.301∗∗
0.294∗∗∗
0.226∗∗∗
(1.84)
(2.76)
(2.70)
(3.39)
(2.92)
Productivity
0.008∗∗
0.008∗∗∗
0.008∗∗∗
0.007∗∗∗
(2.75)
(2.79)
(3.40)
(3.11)
Urbanratio
5.798∗∗
5.892∗∗∗
3.307∗∗
3.659∗∗
(2.66)
(2.79)
(2.13)
(2.28)
Machinery
−0.027∗∗∗
−0.014∗
−0.017∗∗
(−3.03)
(−1.87)
(−2.31)
Lnesratio
0.472∗∗∗
0.467∗∗∗
(6.01)
(5.50)
Rdratio
29.223∗∗
(2.16)
_Cons
3.155∗∗∗
−0.247
−0.134
2.033∗∗
1.455
(413.69)
(−0.20)
(−0.11)
(2.33)
(1.45)
Province FE
Yes
Yes
Yes
Yes
Yes
Year FE
Yes
Yes
Yes
Yes
Yes
Adj. R2
0.891
0.901
0.906
0.938
0.941
N
270
270
270
270
270
Standard errors are clustered at the provincial level. t statistics in parentheses. ∗p < 0.10, ∗∗p < 0.05, ∗∗∗p < 0.01.
