Table 6. The treatment effect of regulatory policies on Cultureis.
| The normative policies | The restrictive policies | |||||||
|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| MSE-bandwidth estimate | 1.223*** (0.127) |
1.218*** (0.110) |
1.240*** (0.137) |
1.232*** (0.123) |
1.469*** (0.110) |
1.366*** (0.112) |
1.536*** (0.137) |
1.307*** (0.131) |
| Bandwidth | 7.449 | 9.129 | 5.080 | 7.091 | 7.107 | 8.696 | 6.511 | 5.355 |
| Double MSE-bandwidth estimate | 1.163*** (0.114) |
1.224*** (0.140) |
1.149*** (0.123) |
1.197*** (0.147) |
1.408*** (0.133) |
1.521*** (0.174) |
1.276*** (0.198) |
1.530*** (0.194) |
| Bandwidth | 14.898 | 18.258 | 10.160 | 14.182 | 14.214 | 17.392 | 13.022 | 10.710 |
| Triple MSE-bandwidth estimate | 1.113*** (0.087) |
1.181*** (0.121) |
1.128*** (0.091) |
1.193*** (0.129) |
1.401*** (0.137) |
1.488*** (0.156) |
1.470*** (0.166) |
1.413*** (0.208) |
| Bandwidth | 22.347 | 27.387 | 15.240 | 21.273 | 21.321 | 26.088 | 19.533 | 16.065 |
| N | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 |
| Number of texts | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 |
| Polynomial | Linear | Quadratic | Linear | Quadratic | Linear | Quadratic | Linear | Quadratic |
| Kernel function | triangular | triangular | uniform | uniform | triangular | triangular | uniform | uniform |
Standard errors clustered by Cultureis. Asterisks denote significance levels (* = 0.10, ** = 0.05, *** = 0.01). Each cell presents a separate estimate from a rdrobust analysis.