Table 2 Estimation result of consumption stimulus effect of government subsidy by product categories (cont’d)

Variable	Product category
	Home interior decoration	Transport. fee	Comm. service	Hobby items	Cultural service	Education service	Meal	Lodging expense
SC_Receipt(β1)	0.365*** (0.124)	0.074 (0.066)	0.096 (0.080)	1.821*** (0.149)	0.053 (0.055)	0.113 (0.172)	–0.178*** (0.067)	0.114 (0.130)
Pendemic_Period(β2)	–0.196** (0.081)	–0.290*** (0.058)	–0.013 (0.071)	–0.714*** (0.099)	–0.353*** (0.055)	–0.925*** (0.120)	–0.271*** (0.060)	–0.566*** (0.083)
SC_Receipt × Pendemic_Period(β3)	–0.165 (0.147)	–0.025 (0.087)	0.068 (0.103)	–0.829*** (0.178)	0.052 (0.078)	–0.045 (0.208)	0.241*** (0.090)	0.221 (0.152)

Note 1) ***, **, and * represent significance at the 1%, 5%, 10% levels, respectively (standard errors in parentheses).
2) For the sake of simplicity, the estimated coefficient values of the control variables are omitted from the table.