Table 1 Estimation result of consumption stimulus effect of government subsidy by product categories

Variable	Product category
	Meat	Vegetable	Alcohol	Cigarette	Clothing & outerwear	Shoes	Home appliances	Medicine
SC_Receipt(β1)	0.004 (0.118)	0.135* (0.070)	–0.082 (0.165)	–0.184 (0.194)	0.014 (0.158)	0.305* (0.179)	0.650*** (0.193)	0.437*** (0.101)
Pendemic_Period(β2)	–0.506*** (0.114)	–0.358*** (0.082)	–1.048*** (0.144)	–0.358** (0.150)	–2.099*** (0.152)	–1.944*** (0.150)	–0.930*** (0.128)	–1.214*** (0.122)
SC_Receipt × Pendemic_Period(β3)	0.807*** (0.162)	0.472*** (0.106)	1.231*** (0.215)	0.449* (0.240)	1.326*** (0.221)	1.184*** (0.232)	0.701*** (0.229)	0.805*** (0.158)

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.