Firm-year level results, ols xtlogit

	(1)	(2)	(3)	(4)	(5)	(6)
	NewEntry-ols	Continuing-ols	Exiting-ols	NewEntry-xtlogit	Continuing-xtlogit	Exiting-xtlogit
main
instrument for firm-level foreign demand shocks	0.014***	-0.005	-0.010	0.691***	-0.074	-0.203**
	(0.004)	(0.006)	(0.006)	(0.165)	(0.143)	(0.098)
ln排放强度_ndrc_dum75_100=1 # instrument for firm-level foreign demand shocks	-0.011**	-0.003	0.014*	-0.564**	-0.052	0.284*
	(0.005)	(0.008)	(0.008)	(0.247)	(0.152)	(0.149)
ln排放强度_ndrc_dum75_100=1	0.001	-0.007***	0.006***	0.067	-0.086	0.075
	(0.001)	(0.003)	(0.002)	(0.094)	(0.079)	(0.069)
Fixed_effects	企业、时间	企业、时间	企业、时间	企业、时间	企业、时间	企业、时间
R2	0.266	0.438	0.312
Num_of_Obs	105404.000	105404.000	105404.000	7839.000	20802.000	20805.000
Note: *, **, and *** indicate significance at the 10 percent, 5 percent, and 1 percent levels.