Fig 1.
Time trend of GFE sum.
Fig 2.
Distribution of GFE sum in manufacturing industry.
Fig 3.
Time trend of SUGI sum.
Fig 4.
Distribution of SUGI sum in manufacturing industry.
Table 1.
The variable description.
Table 2.
Descriptive statistics of main variables.
Table 3.
Baseline regression.
Fig 5.
Parallel trend test.
Table 4.
Goodman-Bacon decomposition results.
Fig 6.
SUGI.
Fig 7.
Parallel trends based on heterogeneity robust DID estimator (Sun and Abraham, 2021).
Fig 8.
Placebo test.
Table 5.
Excluding other policy interference.
Table 6.
Endogeneity analysis.
Table 7.
Other robustness tests.
Table 8.
Other robustness tests.
Table 9.
Mechanism analysis.
Table 10.
Degree of energy consumption and pollution intensity in industries.
Table 11.
External information disclosure of enterprises.