[Retracted] Influence of China’s Carbon Emissions Trading Scheme on Green Innovation of Enterprises

Table 4

Result of placebo test.

Variables	1	2
	2.5221	3.4597
	(1.6475)	(2.3564)
	0.0966	−0.0393
	(0.1098)	(0.1431)
	2.9118	——
	(0.6965)
Constant	−17.0181	−2.5730
	(2.7491)	(1.1980)
Control variables	Yes	Yes
Time fixed effect	Yes	Yes
Individuals fixed effect	No	Yes
Region fixed effect	Yes	No
Industry fixed effect	Yes	No
Observations	23 726	23 726
R-squared	0.138	0.0231