Jan 19–Feb 29 Jan 19–Feb 1 Feb 2–Feb 29 (1) (2) (3) (4) (5) (6) OLS IV OLS IV OLS IV Model A: lagged variables are averages over the preceding first and second week separately Average # of new cases, 1-week lag Own city 0.656*** 1.117*** 0.792*** 1.194*** 0.567*** 0.899*** (0.153) (0.112) (0.0862) (0.302) (0.172) (0.0924) Other cities 0.00114 − 0.00213 − 0.0160 − 0.0734 0.000221 − 0.00526** wt. = inv. dist. (0.000741) (0.00367) (0.0212) (0.0803) (0.000626) (0.00244) Wuhan − 0.000482 0.00420 0.104 0.233 5.89e-05 0.00769** wt. = inv. dist. (0.00173) (0.00649) (0.128) (0.156) (0.00194) (0.00379) Wuhan 0.00668*** 0.00616*** 0.00641*** 0.00375 − 0.000251 0.00390 wt. = pop. flow (0.00159) (0.00194) (0.00202) (0.00256) (0.00245) (0.00393) Average # of new cases, 2-week lag Own city − 0.350*** − 0.580*** 0.230 − 1.541 − 0.157** − 0.250** (0.0667) (0.109) (0.572) (1.448) (0.0636) (0.119) Other cities − 0.000869 0.00139 0.172 0.584 − 0.00266* − 0.00399 wt. = inv. dist. (0.00102) (0.00311) (0.122) (0.595) (0.00154) (0.00276) Wuhan − 0.00461 0.000894 − 0.447 − 0.970 − 0.00456 0.00478* wt. = inv. dist. (0.00304) (0.00592) (0.829) (0.808) (0.00368) (0.00280) Wuhan 0.00803*** 0.00203 0.00973*** 0.00734 0.00759*** 0.00466*** wt. = pop. flow (0.00201) (0.00192) (0.00317) (0.00680) (0.00177) (0.00140) Model B: lagged variables are averages over the preceding 2 weeks Own city 0.242*** 0.654*** 1.407*** 1.876*** 0.406*** 0.614*** (0.0535) (0.195) (0.215) (0.376) (0.118) (0.129) Other cities 0.000309 − 0.00315 0.00608 0.0194 − 0.00224 − 0.00568 wt. = inv. dist. (0.00142) (0.00745) (0.0188) (0.0300) (0.00204) (0.00529) Wuhan − 0.0133** − 0.0167 − 0.0146 − 0.0362 − 0.0138** − 0.00847 wt. = inv. dist. (0.00535) (0.0140) (0.0902) (0.0741) (0.00563) (0.00787) Wuhan 0.0153*** 0.0133*** 0.00826*** 0.00404 0.0132*** 0.0123*** wt. = pop. flow (0.00273) (0.00273) (0.00241) (0.00423) (0.00222) (0.00205) Observations 12,096 12,096 4032 4032 8064 8064 Number of cities 288 288 288 288 288 288 Weather controls Yes Yes Yes Yes Yes Yes City FE Yes Yes Yes Yes Yes Yes Date FE Yes Yes Yes Yes Yes Yes