Emission Reduction Benefits and Economic Benefits of China’s Pilot Policy on Carbon Emission Trading System

Table 12

Results of heterogeneity in resource endowment.

VAR	Resource-deficient provinces		Resource-rich provinces
	(1)	(2)	(3)	(4)
	CO2	TFP	CO2	TFP
TIME × TREAT	−0.140	0.271	−0.195	−0.078
	(0.031)	(0.064)	(0.063)	(0.062)
OIS	−0.002	0.002	−0.006	−0.006
	(0.001)	(0.001)	(0.003)	(0.003)
SI	0.008	−0.027	0.020	0.024
	(0.004)	(0.009)	(0.012)	(0.011)
FDI	−0.052	0.101	−0.041	−0.021
	(0.018)	(0.037)	(0.025)	(0.025)
OPEN	−0.002	−0.016	−0.014	0.006
	(0.002)	(0.003)	(0.005)	(0.005)
EDU	0.007	−0.041	0.071	−0.036
	(0.018)	(0.037)	(0.022)	(0.021)
CONS	8.062	3.556	8.817	1.135
	(0.255)	(0.520)	(0.228)	(0.222)
PROV	YES	YES	YES	YES
YEAR	YES	YES	YES	YES
N	180	180	120	120
R^2	0.992	0.841	0.975	0.773