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

Table 13

Results of heterogeneity in environmental enforcement.

VAR	Lax provinces		Strict provinces
	(1)	(2)	(3)	(4)
	CO2	TFP	CO2	TFP
TIME × TREAT	−0.026	0.037	−0.150	0.127
	(0.037)	(0.087)	(0.036)	(0.060)
OIS	−0.005	0.008	−0.000	−0.001
	(0.001)	(0.001)	(0.001)	(0.002)
SI	0.038	−0.083	−0.001	0.003
	(0.006)	(0.014)	(0.005)	(0.008)
FDI	0.043	−0.148	−0.047	0.065
	(0.026)	(0.062)	(0.016)	(0.027)
OPEN	−0.003	−0.021	−0.003	−0.017
	(0.002)	(0.005)	(0.002)	(0.003)
EDU	0.001	0.035	0.068	−0.136
	(0.016)	(0.037)	(0.017)	(0.028)
CONS	6.722	6.100	9.013	1.627
	(0.338)	(0.797)	(0.125)	(0.209)
PROV	YES	YES	YES	YES
YEAR	YES	YES	YES	YES
N	220	220	80	80
R^2	0.995	0.913	0.985	0.786