Table 3.

Regression results.

Variables	(1)	(2)	(3)	(4)	(5)	(6)
	HQDRT	HQDRT	HQDRT	HQDRT	HQDRT	HQDRT
UDTL	0.405***	0.402***	0.403***	0.403***	0.398***	0.392***
	(0.048)	(0.048)	(0.050)	(0.050)	(0.050)	(0.050)
LED		0.017	0.016	0.016	0.007	0.008
		(0.014)	(0.015)	(0.015)	(0.017)	(0.017)
DGI			0.002	0.002	0.006	0.004
			(0.019)	(0.019)	(0.019)	(0.019)
PD				0.008	0.006	0.008
				(0.033)	(0.033)	(0.033)
DOFT					0.028	0.031
					(0.021)	(0.022)
IS						0.051
						(0.068)
FE Year	Yes	Yes	Yes	Yes	Yes	Yes
FE Province	Yes	Yes	Yes	Yes	Yes	Yes
N	144	144	144	144	144	144
R2	0.978	0.978	0.978	0.978	0.979	0.979

Note: standard errors in parentheses, *p < 0.1, **p < 0.05, ***p < 0.01