Housing Price Appreciation Effects of Elevator Installation in Old Residential Areas: Empirical Evidence Based on a Multiperiod DID Model

Table 7

Quantile regression results of different value dwellings.

Variable	Second-hand home price natural logarithm
	Θ = 0.25	Θ = 0.50	Θ = 0.75	Θ = 0.90
DID	0.0807959^∗∗∗ (0.0155159)	0.1081383^∗∗∗ (0.0106782)	0.0896266^∗∗∗ (0.0114748)	0.119905^∗∗∗ (0.0192153)
Floor	−0.0507751^∗∗∗ (0.0100571)	−0.0373477^∗∗∗ (0.0072419)	−0.0351411^∗∗∗ (0.0063951)	−0.0454045^∗∗∗ (0.0074183)
Room	−0.0890057^∗∗∗ (0.0107251)	−0.0464848 (0.0096143)	−0.0409412^∗∗∗ (0.0064855)	−0.0477666^∗∗∗ (0.006567)
Property fee	0.1577307^∗∗∗ (0.0179914)	0.015922 (0.0099816)	0.0484947^∗ (0.0191919)	0.110648^∗∗∗ (0.017752)
Plot	−0.0138215 (0.0120328)	0.0076585 (0.0101805)	−0.0125724 (0.0154403)	-0.0467431^∗∗∗ (0.0086376)
Subway	0.0657575^∗∗∗ (0.0080883)	0.148784^∗∗∗ (0.0073774)	0.1750115^∗∗∗ (0.0093856)	0.1905539^∗∗∗ (0.0072173)
Market	0.0294006 (0.0144838)	0.0117484 (0.0116799)	0.0027454 (0.0202591)	−0.0373311^∗∗∗ (0.0078028)
School	0.5373062^∗∗∗ (0.0175748)	0.5814613^∗∗∗ (0.0157113)	0.5478679^∗∗∗ (0.0192262)	0.5959256 (0.0135145)
INDEX	0.0169642^∗∗∗ (0.0010379)	0.0177948^∗∗∗ (0.0006355)	0.0155064^∗∗∗ (0.0007246)	0.0136821^∗∗∗ (0.000922)
Constant	7.858499 (0.1387806)	7.760422^∗∗∗ (0.0829116)	8.148983^∗∗∗ (0.1365699)	8.569518^∗∗∗ (0.1341247)
Adj R-squared	0.4183	0.4646	0.5180	0.5168
Number of obs	2,875	2,875	2,875	2,875

Standard errors in parentheses, ^∗ < 0.1, ^∗∗ < 0.05, and ^∗∗∗ < 0.01.