Table 2.
Dependent Variable: ln (doc) | Lag1 | Lag2 | Lag3 | Lag4 | Lag5 | Lag6 | Lag7 | Lag8 | Lag9 | Lag10 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Full Sample | β | −0.173*** | − 0.216*** | − 0.255*** | − 0.283*** | − 0.316*** | − 0.340*** | − 0.367*** | −0.392*** | − 0.417*** | − 0.434*** |
SD | 0.005 | 0.006 | 0.007 | 0.008 | 0.009 | 0.009 | 0.010 | 0.010 | 0.011 | 0.011 | |
Western Region | β | −0.226*** | − 0.257*** | − 0.297*** | −0.322*** | − 0.357*** | − 0.372*** | − 0.396*** | − 0.420*** | − 0.433*** | − 0.432*** |
SD | 0.011 | 0.013 | 0.015 | 0.017 | 0.018 | 0.019 | 0.020 | 0.021 | 0.022 | 0.022 | |
Central Region | β | − 0.186*** | − 0.265*** | − 0.318*** | − 0.364*** | − 0.410*** | −0.440*** | − 0.469*** | − 0.500*** | − 0.528*** | −0.559*** |
SD | 0.009 | 0.012 | 0.013 | 0.014 | 0.016 | 0.017 | 0.017 | 0.018 | 0.019 | 0.019 | |
Eastern Region | β | −0.119*** | −0.154*** | − 0.187*** | −0.212*** | − 0.233*** | −0.267*** | − 0.302*** | −0.329*** | − 0.372*** | −0.402*** |
SD | 0.007 | 0.008 | 0.010 | 0.011 | 0.012 | 0.013 | 0.014 | 0.015 | 0.015 | 0.016 | |
R | 0.171 | 0.216 | 0.255 | 0.283 | 0.316 | 0.340 | 0.367 | 0.392 | 0.417 | 0.434 | |
R2 | 0.029 | 0.047 | 0.065 | 0.080 | 0.100 | 0.116 | 0.135 | 0.154 | 0.174 | 0.188 | |
Adjusted R2 | 0.029 | 0.047 | 0.065 | 0.080 | 0.100 | 0.115 | 0.134 | 0.153 | 0.174 | 0.188 | |
Dependent Variable: ln (bed) | |||||||||||
Full Sample | β | −0.142*** | −0.202*** | −0.268*** | −0.334*** | −0.375*** | − 0.421*** | −0.465*** | − 0.508*** | −0.542*** | − 0.579*** |
SD | 0.003 | 0.004 | 0.005 | 0.006 | 0.006 | 0.007 | 0.007 | 0.008 | 0.008 | 0.008 | |
Western Region | β | −0.156*** | −0.213*** | − 0.284*** | −0.355*** | − 0.403*** | −0.459*** | − 0.511*** | −0.565*** | − 0.599*** | −0.639*** |
SD | 0.006 | 0.008 | 0.009 | 0.011 | 0.012 | 0.013 | 0.013 | 0.014 | 0.014 | 0.015 | |
Central Region | β | −0.125*** | −0.182*** | − 0.243*** | −0.305*** | − 0.34*** | −0.377*** | − 0.420*** | −0.461*** | − 0.496*** | −0.528*** |
SD | 0.005 | 0.007 | 0.009 | 0.01 | 0.012 | 0.013 | 0.014 | 0.015 | 0.016 | 0.016 | |
Eastern Region | β | −0.147*** | −0.211*** | − 0.274*** | −0.339*** | − 0.377*** | −0.416*** | − 0.454*** | −0.484*** | − 0.519*** | −0.558*** |
SD | 0.004 | 0.006 | 0.007 | 0.008 | 0.009 | 0.010 | 0.011 | 0.011 | 0.012 | 0.012 | |
R | 0.139 | 0.202 | 0.268 | 0.334 | 0.375 | 0.421 | 0.465 | 0.508 | 0.542 | 0.579 | |
R2 | 0.019 | 0.041 | 0.072 | 0.111 | 0.141 | 0.177 | 0.217 | 0.258 | 0.294 | 0.335 | |
Adjusted R2 | 0.019 | 0.041 | 0.071 | 0.111 | 0.140 | 0.177 | 0.216 | 0.258 | 0.293 | 0.335 |
***, **, and * indicate statistical significance at the 0.1, 1, and 5% levels, respectively
SD standard deviation