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. Author manuscript; available in PMC: 2018 Nov 13.
Published in final edited form as: Rev Econ Dyn. 2017 Feb 16;25:187–207. doi: 10.1016/j.red.2017.02.005

Table 6.

The distribution of public school spending and rank–rank slope in selected states: baseline vs natural borrowing constraint: case 1.

State Slope coefficient
 Rank–Rank slope
Baseline Natural borrowing Baseline Natural borrowing
Illinois 0.035 0.005 0.516 0.253
Maine 0.010 0.003 0.460 0.382
Ohio 0.037 0.020 0.474 0.420
New Hampshire 0.021 0.015 0.396 0.353
New Jersey 0.011 0.005 0.517 0.476