| log using "${logs}\5 Tables Online Appendix.txt", replace
|
|
|
|
|
| di "SUMMARY STATISTICS BY COUNTRY (TABLE OA1)"
|
|
|
|
|
| use "$data\2_Interim files\country_cleaned.dta", clear
|
|
|
| bysort country: egen fin_dev1_av=mean(fin_dev1)
|
| bysort country: egen fin_str2_av=mean(fin_str2)
|
|
|
| bysort country: egen cotwo_total_per_gdp_av=mean(cotwo_total_per_gdp)
|
|
|
| sort country year
|
| drop if country[_n]==country[_n-1]
|
|
|
|
|
|
|
| keep country fin_dev1_av fin_str2_av cotwo_total_per_gdp_av
|
|
|
| replace country = "China" if country == "China (People's Republic of)"
|
| replace country = "Macedonia" if country == "Macedonia, FYR"
|
|
|
| foreach v of varlist fin_dev1_av fin_str2_av cotwo_total_per_gdp_av {
|
| gen `v'_r=string(`v',"%4.3f")
|
| destring `v'_r, replace
|
| drop `v'
|
| }
|
|
|
| cd "$tables"
|
| dataout, save(TableOA1) tex replace
|
|
|
| filefilter "${tables}\\TableOA1.tex" "${tables}\\TableOA1_1.tex", from("\BSdocumentclass[]{article}") to("") replace
|
| filefilter "${tables}\\TableOA1_1.tex" "${tables}\\TableOA1_2.tex", from("\BSsetlength{\BSpdfpagewidth}{8.5in} \BSsetlength{\BSpdfpageheight}{11in}") to("") replace
|
| filefilter "${tables}\\TableOA1_2.tex" "${tables}\\TableOA1_3.tex", from("\BSbegin{document}") to("") replace
|
| filefilter "${tables}\\TableOA1_3.tex" "${tables}\\TableOA1_4.tex", from("\BSbegin{tabular}{lccc} \BShline") to("") replace
|
| filefilter "${tables}\\TableOA1_4.tex" "${tables}\\TableOA1_5.tex", from("country & fin\BS_dev1\BS_av\BS_r & fin\BS_str2\BS_av\BS_r & cotwo\BS_total\BS_per\BS_gdp\BS_av\BS_r \BS\BS \BShline") to("") replace
|
| filefilter "${tables}\\TableOA1_5.tex" "${tables}\\TableOA1_6.tex", from(" Zambia & 0.201 & 0.587 & 0.173 \BS\BS \BShline") to("Zambia & 0.201 & 0.587 & 0.173 \BS\BS") replace
|
| filefilter "${tables}\\TableOA1_6.tex" "${tables}\\TableOA1_7.tex", from("\BSend{tabular}") to("") replace
|
| filefilter "${tables}\\TableOA1_7.tex" "${tables}\\TableOA1-fin.tex", from("\BSend{document}") to("") replace
|
|
|
|
|
| cap erase "${tables}\TableOA1.tex"
|
| forvalues i = 1(1)7 {
|
| cap erase "${tables}\\TableOA1_`i'.tex"
|
| }
|
|
|
|
|
|
|
|
|
| di "FINANCE AND CARBON EMISSIONS: MECHANISMS (TABLE OA2)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| lab var share_l1 "Sector share"
|
| lab var cotwo_fin_dev1_l1 "Financial development $\times$ CO{2} intensity"
|
| lab var cotwo_fin_str2_l1 "Equity share $\times$ CO{2} intensity"
|
| lab var rd_fin_dev1_l1 "Financial development $\times$ R\&D intensity"
|
| lab var rd_fin_str2_l1 "Equity share $\times$ R\&D intensity"
|
| lab var tang_fin_dev1_l1 "Financial development $\times$ Asset tangibility"
|
| lab var tang_fin_str2_l1 "Equity share $\times$ Asset tangibility"
|
| lab var litig_fin_dev1_l1 "Financial development $\times$ Litigation risk"
|
| lab var litig_fin_str2_l1 "Equity share $\times$ Litigation risk"
|
|
|
|
|
| eststo clear
|
| eststo cross_rd: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
| eststo cross_asset: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
| eststo cross_lit: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| noi esttab cross* using "${tables}\\TableOA2a.tex", replace
|
| keep(share_l1 cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1)
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| order(cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1 share_l1)
|
| stats(r2 N, fmt(2 %15.0fc)
|
| labels("\hline \addlinespace[1ex] R-squared" "No. Observations"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA2a.tex" "${tables}\\TableOA2a-fin.tex", from("CO2") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA2a.tex"
|
|
|
|
|
| eststo clear
|
| eststo within_rd: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
| eststo within_asset: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
| eststo within_lit: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| estadd local crtsecFE "Yes": within_rd within_asset within_lit
|
| estadd local crtyrFE "Yes": within_rd within_asset within_lit
|
| estadd local secyrFE "Yes": within_rd within_asset within_lit
|
|
|
| noi esttab within* using "${tables}\\TableOA2b.tex", replace
|
| keep(share_l1 cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1)
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| order(cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 rd_fin_dev1_l1 rd_fin_str2_l1 tang_fin_dev1_l1 tang_fin_str2_l1 litig_fin_dev1_l1 litig_fin_str2_l1 share_l1)
|
| stats(r2 N crtsecFE crtyrFE secyrFE , fmt(2 %15.0fc 0 0 0 )
|
| labels("\hline \addlinespace[1ex] R-squared" "No. Observations"
|
| "\hline \\ \hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" ))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA2b.tex" "${tables}\\TableOA2b-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA2b.tex"
|
|
|
|
|
|
|
|
|
| di "CARBON LEAKAGE, LOW VERSUS HIGH MOBILITY SECTORS (TABLE OA3)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
|
|
| eststo clear
|
|
|
| eststo reg1: reghdfe import_co2_total_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg2: reghdfe import_co2_hh_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe import_co2_ind_same_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe import_co2_ind_other_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg5: reghdfe import_co2_gfcf_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg6: reghdfe import_co2_gov_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport>0.01 & transport!=., absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
| estadd local ctryyrFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
| estadd local secyrFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
|
|
| noi esttab reg* using "${tables}\\TableOA3_a.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines keep(cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA3_a.tex" "${tables}\\TableOA3_a-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA3_a.tex"
|
|
|
|
|
| eststo clear
|
|
|
| eststo reg1: reghdfe import_co2_total_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg2: reghdfe import_co2_hh_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe import_co2_ind_same_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe import_co2_ind_other_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg5: reghdfe import_co2_gfcf_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg6: reghdfe import_co2_gov_ag_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1 if transport<0.01, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
| estadd local ctryyrFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
| estadd local secyrFE "Yes": reg1 reg2 reg3 reg4 reg5 reg6
|
|
|
| noi esttab reg* using "${tables}\\TableOA3_b.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines keep(cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA3_b.tex" "${tables}\\TableOA3_b-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA3_b.tex"
|
|
|
|
|
|
|
| di "ROBUST SAMPLE: OECD COUNTRIES (TABLE OA4)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var va_oecd_share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_high_fin_dev1_l1 cotwo_high_fin_str2_l1 va_oecd_share_l1, absorb (ci it ct) cluster (ci)
|
|
|
| eststo reg3: reghdfe va_g_oecd cotwo_high_fin_dev1_l1 cotwo_high_fin_str2_l1 va_oecd_share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va_oecd cotwo_high_fin_dev1_l1 cotwo_high_fin_str2_l1 va_oecd_share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA4.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines keep(cotwo_high_fin_dev1_l1 cotwo_high_fin_str2_l1 va_oecd_share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA4.tex" "${tables}\\TableOA4-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA4.tex"
|
|
|
|
|
|
|
| di "5-YEAR AVERAGES (TABLE OA5)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
|
|
| gen pet=1
|
| replace pet=2 if year>1994
|
| replace pet=3 if year>1999
|
| replace pet=4 if year>2004
|
| replace pet=5 if year>2009
|
|
|
| bysort country pet: egen fin_dev1_pet=mean(fin_dev1)
|
| bysort country pet: egen fin_str2_pet=mean(fin_str2)
|
|
|
| bysort country industry pet: egen cotwo_per_cap_pet=mean(cotwo_per_cap)
|
| bysort country industry pet: egen cotwo_per_gdp_pet=mean(cotwo_per_gdp)
|
| bysort country industry pet: egen va_g_pet=mean(va_g)
|
| bysort country industry pet: egen cotwo_per_va_pet=mean(cotwo_per_va)
|
| bysort country industry pet: egen green_patents_per_cap_pet=mean(green_patents_adjusted_per_cap)
|
| bysort country industry pet: egen green_patents_a_per_cap_pet=mean(green_patents_adjusted_a_per_cap)
|
| bysort country industry pet: egen green_patents_b_per_cap_pet=mean(green_patents_adjusted_b_per_cap)
|
| bysort country industry pet: egen green_patents_per_gdp_pet=mean(green_patents_adjusted_per_gdp)
|
| bysort country industry pet: egen green_patents_a_per_gdp_pet=mean(green_patents_adjusted_a_per_gdp)
|
| bysort country industry pet: egen green_patents_b_per_gdp_pet=mean(green_patents_adjusted_b_per_gdp)
|
| bysort country industry pet: egen share_pet=mean(share)
|
|
|
| sort country industry year
|
| drop if pet[_n]==pet[_n-1]
|
|
|
| gen fin_dev1_pet_l1=fin_dev1_pet[_n-1] if industry[_n]==industry[_n-1]
|
| gen fin_str2_pet_l1=fin_str2_pet[_n-1] if industry[_n]==industry[_n-1]
|
|
|
| gen cotwo_wd_fin_dev1_pet=cotwo_intensity_wd*fin_dev1_pet_l1
|
| gen cotwo_wd_fin_str2_pet=cotwo_intensity_wd*fin_str2_pet_l1
|
|
|
| gen share_pet_l1=share_pet[_n-1] if industry[_n]==industry[_n-1]
|
|
|
| egen cp=group(country pet)
|
| egen ip=group(industry pet)
|
|
|
| label var share_pet_l1 "Sector share"
|
| label var cotwo_wd_fin_dev1_pet "Financial development $\times$ CO2 intensity"
|
| label var cotwo_wd_fin_str2_pet "Equity share $\times$ CO2 intensity"
|
|
|
| eststo clear
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp_pet cotwo_wd_fin_dev1_pet cotwo_wd_fin_str2_pet share_pet_l1, absorb(ci ip cp) cluster (ci)
|
|
|
| eststo reg3: reghdfe va_g_pet cotwo_wd_fin_dev1_pet cotwo_wd_fin_str2_pet share_pet_l1, absorb(ci ip cp) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va_pet cotwo_wd_fin_dev1_pet cotwo_wd_fin_str2_pet share_pet_l1, absorb(ci ip cp) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA5.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines drop(_cons)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA5.tex" "${tables}\\TableOA5-fin.tex", from("CO2") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA5.tex"
|
|
|
|
|
|
|
| di "FINANCIAL DEVELOPMENT AND STRUCTURE, CREDIT VERSUS STOCK (TABLE OA6)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_credit_l1 cotwo_stock_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_credit_l1 cotwo_stock_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_credit_l1 cotwo_stock_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA6.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines keep(cotwo_credit_l1 cotwo_stock_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA6.tex" "${tables}\\TableOA6-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA6.tex"
|
|
|
|
|
|
|
| di "CONTROLLING FOR EXTERNAL FINANCIAL DEPENDENCE (TABLE OA7)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 ext_dep_fin_dev1_l1 ext_dep_fin_str2_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 ext_dep_fin_dev1_l1 ext_dep_fin_str2_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 ext_dep_fin_dev1_l1 ext_dep_fin_str2_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA7.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_fin_dev1_l1 cotwo_fin_str2_l1 ext_dep_fin_dev1_l1 ext_dep_fin_str2_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA7.tex" "${tables}\\TableOA7-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA7.tex"
|
|
|
|
|
| di "ROBUSTNESS: ALTERNATIVE POLLUTION INTENSIFIES (TABLE OA8)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| lab var cotwo_c_fin_str2_l1 "Equity share cross CO{2} intensity (Contemporaneous)"
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_c_fin_dev1_l1 cotwo_c_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_c_fin_dev1_l1 cotwo_c_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_c_fin_dev1_l1 cotwo_c_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA8_a.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_c_fin_dev1_l1 cotwo_c_fin_str2_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA8_a.tex" "${tables}\\TableOA8_a-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA8_a.tex"
|
|
|
| lab var cotwo_alt_fin_dev1_l1 "Financial development $\times$ CO{2} intensity (US)"
|
| lab var cotwo_alt_fin_str2_l1 "Equity share $\times$ CO{2} intensity (US)"
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_alt_fin_dev1_l1 cotwo_alt_fin_str2_l1 share_l1 if country!="United States", absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_alt_fin_dev1_l1 cotwo_alt_fin_str2_l1 share_l1 if country!="United States", absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_alt_fin_dev1_l1 cotwo_alt_fin_str2_l1 share_l1 if country!="United States", absorb(ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA8_b.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_alt_fin_dev1_l1 cotwo_alt_fin_str2_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA8_b.tex" "${tables}\\TableOA8_b-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA8_b.tex"
|
|
|
|
|
|
|
|
|
| di "ADDING CORPORATE BONDS (TABLE OA9)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
|
|
| label var share_l1 "Sector share"
|
|
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_b_l1 cotwo_fin_str2_c_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_b_l1 cotwo_fin_str2_c_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_b_l1 cotwo_fin_str2_c_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA9.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_fin_dev1_b_l1 cotwo_fin_str2_c_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA9.tex" "${tables}\\TableOA9-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA9.tex"
|
|
|
|
|
|
|
| di "ADDING PRIVATE EQUITY (TABLE OA10)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_e_l1 cotwo_fin_str2_e_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_e_l1 cotwo_fin_str2_e_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_e_l1 cotwo_fin_str2_e_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA10.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_fin_dev1_e_l1 cotwo_fin_str2_e_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA10.tex" "${tables}\\TableOA10-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA10.tex"
|
|
|
|
|
|
|
| di "ONLY BUSINESS CREDIT (TABLE OA11)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1a_l1 cotwo_fin_str2a_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1a_l1 cotwo_fin_str2a_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1a_l1 cotwo_fin_str2a_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA11.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines drop(_cons)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA11.tex" "${tables}\\TableOA11-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA11.tex"
|
|
|
|
|
|
|
| di "CONTROLLING FOR FUEL SUBSIDIES (TABLE OA12)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 fin_dev1_subsidy_l1 fin_str2_subsidy_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 fin_dev1_subsidy_l1 fin_str2_subsidy_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 fin_dev1_subsidy_l1 fin_str2_subsidy_l1 share_l1, absorb (ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA12.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| keep(cotwo_fin_dev1_l1 cotwo_fin_str2_l1 fin_dev1_subsidy_l1 fin_str2_subsidy_l1 share_l1)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA12.tex" "${tables}\\TableOA12-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA12.tex"
|
|
|
|
|
|
|
|
|
| di "CONTROLLING FOR ENVIRONMENTAL LAWS AND POLICIES (TABLE OA13)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| label var cotwo_environmental_laws_l1 "No. environmental laws and policies $\times$ CO{2} intensity"
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_environmental_laws_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_environmental_laws_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_environmental_laws_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA13_a.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines drop(_cons)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA13_a.tex" "${tables}\\TableOA13_a-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA13_a.tex"
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_carbon_tax_ets_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg3: reghdfe va_g cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_carbon_tax_ets_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| eststo reg4: reghdfe cotwo_per_va cotwo_fin_dev1_l1 cotwo_fin_str2_l1 cotwo_carbon_tax_ets_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg3 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg3 reg4
|
| estadd local secyrFE "Yes": reg2 reg3 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA13_b.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines drop(_cons)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA13_b.tex" "${tables}\\TableOA13_b-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA13_b.tex"
|
|
|
|
|
|
|
| di "ALTERNATIVE EMISSIONS DATA (TABLE OA14)"
|
|
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| label var share_l1 "Sector share"
|
| foreach i of varlist _all {
|
| local a : variable label `i'
|
| local a: subinstr local a " cross " " $\times$ "
|
| label var `i' "`a'"
|
| }
|
|
|
| eststo clear
|
|
|
|
|
| eststo reg2: reghdfe cotwo_per_gdp_exio cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
|
|
|
|
| eststo reg4: reghdfe tot_air_per_gdp_exio cotwo_fin_dev1_l1 cotwo_fin_str2_l1 share_l1, absorb(ci it ct) cluster(ci)
|
|
|
| estadd local ctrysecFE "Yes": reg2 reg4
|
| estadd local ctryyrFE "Yes": reg2 reg4
|
| estadd local secyrFE "Yes": reg2 reg4
|
|
|
| noi esttab reg* using "${tables}\\TableOA14.tex", replace
|
| b(%9.4f) se(%9.4f) f nonum nolines drop(_cons)
|
| stats(ctrysecFE ctryyrFE secyrFE N r2 , fmt(0 0 0 %15.0fc 2)
|
| labels("\hline \addlinespace[1ex] Country $\times$ Sector FE" "Country $\times$ Year FE" "Sector $\times$ Year FE" "\hline \addlinespace[1ex] No. Observations" "R-squared"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
| filefilter "${tables}\\TableOA14.tex" "${tables}\\TableOA14-fin.tex", from("CO{2}") to("CO\$_{2}\$") replace
|
| cap erase "${tables}\\TableOA14.tex"
|
|
|
|
|
|
|
|
|
|
|
| di "PROPERTIES OF INITIAL AND PROPENSITY SCORE-MATCHED SAMPLE (TABLE OA15)"
|
|
|
| use "$data\2_Interim files\orbis_cleaned.dta", clear
|
|
|
| eststo clear
|
| estimates clear
|
|
|
| gen BE = .
|
| gen nonBE = .
|
| gen diff = .
|
| gen pval = .
|
| gen ttest = ""
|
|
|
|
|
| local i = 1
|
| foreach var in tang prof nopl size {
|
|
|
| ttest `var' if year == 2004, by(belgium)
|
|
|
| replace BE = `r(mu_2)' if _n==`i'
|
| replace nonBE = `r(mu_1)' if _n==`i'
|
| replace diff = `r(mu_2)' - `r(mu_1)' if _n==`i'
|
| replace pval = `r(p)' if _n==`i'
|
| replace ttest = "`var'" if _n==`i'
|
|
|
| local i = `i' + 1
|
| }
|
|
|
| ttest tang if year == 2004, by(belgium)
|
| replace BE = `r(N_2)' if _n==5
|
| replace nonBE = `r(N_1)' if _n==5
|
|
|
| local i = 10
|
| foreach var in tang prof nopl size {
|
|
|
| ttest `var' if year == 2004 & !missing(_weight), by(belgium)
|
|
|
| replace BE = `r(mu_2)' if _n==`i'
|
| replace nonBE = `r(mu_1)' if _n==`i'
|
| replace diff = `r(mu_2)' - `r(mu_1)' if _n==`i'
|
| replace pval = `r(p)' if _n==`i'
|
| replace ttest = "`var'" if _n==`i'
|
|
|
| local i = `i' + 1
|
| }
|
|
|
| ttest tang if year == 2004 & !missing(_weight), by(belgium)
|
| replace BE = `r(N_2)' if _n==14
|
| replace nonBE = `r(N_1)' if _n==14
|
|
|
| gen lab = ""
|
| replace lab = "Tangible assets / Total assets" if ttest=="tang"
|
| replace lab = "Operating profit / Total assets" if ttest=="prof"
|
| replace lab = "Negative profit dummy" if ttest=="nopl"
|
| replace lab = "Log (Total assets)" if ttest=="size"
|
| replace lab = "No. observations" if _n==14 | _n==5
|
|
|
| keep BE nonBE diff pval ttest lab
|
|
|
| gen helper = "MATCHED" if inrange(_n, 1, 5)
|
| replace helper = "NON-MATCHED" if inrange(_n, 10, 14)
|
|
|
| drop if missing(helper)
|
|
|
| gen star = "*" if pval <=0.001
|
| replace star = "**" if pval <=0.050
|
| replace star = "***" if pval <=0.010
|
|
|
| replace diff = round(diff, 0.001)
|
| replace BE = round(BE, 0.001)
|
| replace nonBE = round(nonBE, 0.001)
|
|
|
| gen difference = string(diff) + star
|
| replace difference = "" if difference=="."
|
| replace difference = subinstr(difference, ".", "0.", .)
|
|
|
| gen BE_sample = string(BE)
|
| replace BE_sample = subinstr(BE_sample, ".", "0.", .) if BE<1
|
|
|
| gen nonBE_sample = string(nonBE)
|
| replace nonBE_sample = subinstr(nonBE_sample, ".", "0.", .) if BE<1
|
| replace nonBE_sample = "2,330" if nonBE_sample=="2330"
|
|
|
| keep lab BE_sample nonBE_sample difference helper
|
|
|
| preserve
|
| drop if helper=="NON-MATCHED"
|
| drop helper
|
| order lab BE_sample nonBE_sample difference
|
| cd "$tables"
|
| dataout, save(TableOA15_1) tex replace dec(3)
|
|
|
|
|
| filefilter "${tables}\\TableOA15_1.tex" "${tables}\\TableOA15_2.tex", from("\BSend{document}") to("") replace
|
| filefilter "${tables}\\TableOA15_2.tex" "${tables}\\TableOA15_3.tex", from("\BSend{tabular}") to("") replace
|
| filefilter "${tables}\\TableOA15_3.tex" "${tables}\\TableOA15_4.tex", from("\BSbegin{tabular}{lccc} \BShline") to("") replace
|
| filefilter "${tables}\\TableOA15_4.tex" "${tables}\\TableOA15_5.tex", from("\BSbegin{document}") to("") replace
|
| filefilter "${tables}\\TableOA15_5.tex" "${tables}\\TableOA15_6.tex", from("\BSdocumentclass[]{article}") to("") replace
|
| filefilter "${tables}\\TableOA15_6.tex" "${tables}\\TableOA15_7.tex", from("\BSsetlength{\BSpdfpagewidth}{8.5in} \BSsetlength{\BSpdfpageheight}{11in}") to("") replace
|
| filefilter "${tables}\\TableOA15_7.tex" "${tables}\\TableOA15_8.tex", from("lab & BE\BS_sample & nonBE\BS_sample & difference \BS\BS") to("") replace
|
| filefilter "${tables}\\TableOA15_8.tex" "${tables}\\TableOA15_9.tex", from("\BShline") to("") replace
|
| filefilter "${tables}\\TableOA15_9.tex" "${tables}\\TableOA15_a-fin.tex", from(".000") to("") replace
|
|
|
| forvalues i = 1(1)9 {
|
| cap erase "${tables}\\TableOA15_`i'.tex"
|
| }
|
| restore
|
|
|
| preserve
|
| drop if helper=="MATCHED"
|
| drop helper
|
| order lab BE_sample nonBE_sample difference
|
| cd "$tables"
|
| dataout, save(TableOA15_1) tex replace dec(3)
|
|
|
|
|
| filefilter "${tables}\\TableOA15_1.tex" "${tables}\\TableOA15_2.tex", from("\BSend{document}") to("") replace
|
| filefilter "${tables}\\TableOA15_2.tex" "${tables}\\TableOA15_3.tex", from("\BSend{tabular}") to("") replace
|
| filefilter "${tables}\\TableOA15_3.tex" "${tables}\\TableOA15_4.tex", from("\BSbegin{tabular}{lccc} \BShline") to("") replace
|
| filefilter "${tables}\\TableOA15_4.tex" "${tables}\\TableOA15_5.tex", from("\BSbegin{document}") to("") replace
|
| filefilter "${tables}\\TableOA15_5.tex" "${tables}\\TableOA15_6.tex", from("\BSdocumentclass[]{article}") to("") replace
|
| filefilter "${tables}\\TableOA15_6.tex" "${tables}\\TableOA15_7.tex", from("\BSsetlength{\BSpdfpagewidth}{8.5in} \BSsetlength{\BSpdfpageheight}{11in}") to("") replace
|
| filefilter "${tables}\\TableOA15_7.tex" "${tables}\\TableOA15_8.tex", from("lab & BE\BS_sample & nonBE\BS_sample & difference \BS\BS ") to("") replace
|
| filefilter "${tables}\\TableOA15_8.tex" "${tables}\\TableOA15_9.tex", from("\BShline") to("") replace
|
| filefilter "${tables}\\TableOA15_9.tex" "${tables}\\TableOA15_b-fin.tex", from(".000") to("") replace
|
|
|
| forvalues i = 1(1)9 {
|
| cap erase "${tables}\\TableOA15_`i'.tex"
|
| }
|
| restore
|
|
|
|
|
|
|
|
|
| di "ISOLATE COUNTRIES WITH LOW CORRELATION BETWEEN ENVIRONMENTAL LAWS AND INSTRUMENTS (TABLE OA16)"
|
|
|
|
|
|
|
| use "$data\2_Interim files\country_cleaned.dta", clear
|
|
|
| egen idd=group(country)
|
| tab country if idd==7 | idd==11 | idd==12 | idd==21 | idd==31 | idd==43
|
|
|
|
|
| preserve
|
| corr dom_st_lawpol entrybarriers treated_stock cur100
|
| matrix define C = r(C)
|
| drop _all
|
| svmat double C, names(col)
|
| matrix drop C
|
| gen lab = ""
|
| replace lab = "Number of green laws and regulations up to this point" if _n==1
|
| replace lab = "Entry barriers" if _n==2
|
| replace lab = "Equity market liberalization" if _n==3
|
| replace lab = "Current account liberalization" if _n==4
|
| save "${tables}\corrOA15_1.dta", replace
|
| restore
|
|
|
|
|
| preserve
|
| corr dom_st_lawpol entrybarriers treated_stock cur100
|
| if idd!=7 & idd!=11 & idd!=12 & idd!=21 & idd!=31 & idd!=43
|
| matrix define C = r(C)
|
| drop _all
|
| svmat double C, names(col)
|
| matrix drop C
|
| gen lab = ""
|
| replace lab = "Number of green laws and regulations up to this point" if _n==1
|
| replace lab = "Entry barriers" if _n==2
|
| replace lab = "Equity market liberalization" if _n==3
|
| replace lab = "Current account liberalization" if _n==4
|
| save "${tables}\corrOA15_2.dta", replace
|
| restore
|
|
|
|
|
| preserve
|
| use "${tables}\corrOA15_1.dta", clear
|
| keep dom_st_lawpol lab
|
| order lab, first
|
| ren dom_st_lawpol full_sample
|
| merge 1:1 lab using "${tables}\corrOA15_2.dta"
|
| keep lab full_sample dom_st_lawpol
|
| ren dom_st_lawpol sub_sample
|
|
|
| gen sort = 1
|
| replace sort = 2 if lab == "Entry barriers"
|
| replace sort = 3 if lab == "Equity market liberalization"
|
| replace sort = 4 if lab == "Current account liberalization"
|
| sort sort
|
|
|
| drop sort
|
|
|
| drop if full_sample==1
|
| cd "$tables"
|
| dataout, save(TableOA16_1) tex replace dec(2)
|
|
|
|
|
| filefilter "${tables}\\TableOA16_1.tex" "${tables}\\TableOA16_2.tex", from("\BSend{document}") to("") replace
|
| filefilter "${tables}\\TableOA16_2.tex" "${tables}\\TableOA16_3.tex", from("\BSend{tabular}") to("") replace
|
| filefilter "${tables}\\TableOA16_3.tex" "${tables}\\TableOA16_4.tex", from("\BSbegin{tabular}{lcc} \BShline") to("") replace
|
| filefilter "${tables}\\TableOA16_4.tex" "${tables}\\TableOA16_5.tex", from("\BSbegin{document}") to("") replace
|
| filefilter "${tables}\\TableOA16_5.tex" "${tables}\\TableOA16_6.tex", from("\BSdocumentclass[]{article}") to("") replace
|
| filefilter "${tables}\\TableOA16_6.tex" "${tables}\\TableOA16_7.tex", from("\BSsetlength{\BSpdfpagewidth}{8.5in} \BSsetlength{\BSpdfpageheight}{11in}") to("") replace
|
| filefilter "${tables}\\TableOA16_7.tex" "${tables}\\TableOA16_8.tex", from("lab & full\BS_sample & sub\BS_sample \BS\BS \BShline") to("") replace
|
| filefilter "${tables}\\TableOA16_8.tex" "${tables}\\TableOA16_a-fin.tex", from("\BShline") to("") replace
|
|
|
| forvalues i = 1(1)8 {
|
| cap erase "${tables}\\TableOA16_`i'.tex"
|
| }
|
| restore
|
|
|
| cap erase "${tables}\corrOA16_1.dta"
|
| cap erase "${tables}\corrOA16_2.dta"
|
|
|
|
|
|
|
|
|
| label var fin_dev1_l1 "Financial development"
|
| label var fin_str2_l1 "Equity share"
|
|
|
| xi: ivreg2 cotwo_total_per_gdp (fin_dev1_l1 fin_str2_l1=entrybarriers_l2 treated_stock_l2 cur100_l2)
|
| log_gdp_per_cap_l1 log_gdp_per_cap_sq_l1 pop_mil_l1 recession_l1 dom_st_lawpol_l1 i.country i.year
|
| if idd!=7 & idd!=11 & idd!=12 & idd!=21 & idd!=31 & idd!=43
|
| estimates store reg2
|
|
|
| estadd local ctrycontrols "Yes": reg2
|
| estadd local ctryFE "Yes": reg2
|
| estadd local yrFE "Yes": reg2
|
|
|
| noi esttab reg2 using "${tables}\\TableOA16_b-fin.tex", replace
|
| keep(fin_dev1_l1 fin_str2_l1)
|
| b(%9.4f) se(%9.4f) f nonum nolines
|
| stats(ctrycontrols ctryFE yrFE r2 N idstat idp cdf j jp, fmt(0 0 0 2 %15.0fc 3 3 3 3 3)
|
| labels("\hline \addlinespace[1ex] Country controls" "Country FE" "Year FE"
|
| "\hline \addlinespace[1ex] R-squared" "No. Observations"
|
| "\hline \addlinespace[1ex] Kleibergen-Paap LM statistic" "\textit{p}-value" "F statistic" "Hansen J statistic" "\textit{p}-value"))
|
| label nomtitles style(tex) nogaps nonotes star(* .1 ** .05 *** .01)
|
|
|
|
|
|
|
| di "PROPERTIES OF INITIAL AND PROPENSITY SCORE-MATCHED SAMPLE (TABLE OA17)"
|
|
|
| use "$data\2_Interim files\country_sector_cleaned.dta", clear
|
|
|
| sort industry, stable
|
| drop if industry[_n]==industry[_n-1]
|
|
|
| keep cotwo_intensity_wd rd tang_2 sued_share
|
|
|
| lab var cotwo_intensity_wd "Carbon intensity"
|
| lab var sued_share "Litigation risk"
|
| lab var rd "R\&D intensity"
|
| lab var tang_2 "Asset tangibility"
|
|
|
| eststo clear
|
| estpost correlate
|
| cotwo_intensity_wd rd tang_2 sued_share
|
| , matrix listwise
|
| esttab using "${tables}\TableOA17.tex", unstack b(2) replace f
|
| style(tex) nonotes nomtitle nonum nostar label compress nogaps noobs not
|
|
|
| filefilter "${tables}\\TableOA17.tex" "${tables}\\TableOA17-fin.tex", from(" &Carbon intensity&R\BS&D intensity&Asset tangibility&Litigation risk\BS\BS") to("") replace
|
|
|
| cap erase "${tables}\\TableOA17.tex"
|
|
|
| log close |
