Evaluation of the Effects of the Belt and Road Initiative on the Unified Economic and Environmental Efficiency of Transportation Infrastructure in China Based on Range-Adjusted Measure Model and Difference in Difference Model

Table 5

Effects of the Belt and Road Initiative on unified efficiency of transportation infrastructure assuming that the Initiative was proposed ahead of time.

Explanatory variable	(1)	(2)	(3)
	0.0155 (0.0182)	0.0183 (0.0160)	0.0216 (0.0147)
Constant	1.8598 (0.0752)	1.9488 (0.0763)	2.0922 (0.0772)
Control variable	Yes	Yes	Yes
Time fixed effect	Yes	Yes	Yes
Region fixed effect	Yes	Yes	Yes
Observations	360	360	360
	0.3322	0.3621	0.4144

Note: the standard error is shown in parentheses. ^∗, ^∗∗, and ^∗∗∗indicate, respectively, a significance level of 10%, 5%, and 1%.