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Table 1.

High pollution industry list.

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Table 1 Expand

Table 2.

Names of variables and sources of data.

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Table 2 Expand

Table 3.

Result of descriptive statistics of variables.

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Table 3 Expand

Fig 1.

Estimated value and confidence interval of threshold parameter in benchmark regression model.

Note: The blue line curve represents the likelihood ratio statistic (LR) of different threshold values γ, and the green horizontal line represents the critical value of LR at the 90% confidence level.

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Fig 1 Expand

Table 4.

Benchmark model regression results.

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Table 4 Expand

Fig 2.

Parallel trend test of “Smart City” pilot policy.

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Fig 2 Expand

Table 5.

The results of endogeneity test.

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Table 5 Expand

Table 6.

The results of robustness test.

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Table 6 Expand

Table 7.

The results of mechanism test.

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Table 7 Expand

Table 8.

The results of heterogeneity test.

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