Period | Shanghai Real GDP | Shanghai counter-factual GDP | Treatment effect Δ1t | Change in % |
2013Q4 | 5502 | 5189.464 | 312.536 | 5.68040712 |
2014Q1 | 5631 | 5356.688 | 274.312 | 4.87146155 |
2014Q2 | 5714 | 5280.414 | 433.586 | 7.58813441 |
2014Q3 | 5924 | 5420.884 | 503.116 | 8.49284267 |
2014Q4 | 6236 | 5413.688 | 822.312 | 13.1865298 |
2015Q1 | 6154 | 5317.438 | 836.562 | 13.5937927 |
2015Q2 | 6165 | 5099.41 | 1065.59 | 17.2845093 |
2015Q3 | 6265 | 5307.438 | 957.562 | 15.2843097 |
2015Q4 | 6363 | 5429.88 | 933.12 | 14.6647808 |
2016Q1 | 6581 | 5393.398 | 1187.602 | 18.0459201 |
2016Q2 | 6842 | 4909.72 | 1932.28 | 28.2414499 |
2016Q3 | 6891 | 5592.588 | 1298.412 | 18.8421419 |
2016Q4 | 7109 | 5216.776 | 1892.224 | 26.617302 |
2017Q1 | 7318 | 5493.838 | 1824.162 | 24.9270566 |