Table 4.
Bandwidth | ||||||
---|---|---|---|---|---|---|
|Distance| 11 | |Distance| 8 | |Distance| 5 | ||||
Kernel | Rectangular | Triangular | Rectangular | Triangular | Rectangular | Triangular |
Coefficient estimate | 0.104 | 0.164 | 0.148 | 0.180 | 0.207 | 0.171 |
(0.063) | (0.064) | (0.059) | (0.072) | (0.092) | (0.085) | |
Bootstrapped value | .128 | .046 | .028 | .066 | .112 | .164 |
Number of Obs. | 388 | 388 | 360 | 360 | 257 | 257 |
Number of Clusters | 18 | 18 | 14 | 14 | 10 | 10 |
Note. Standard errors clustered by municipality in parentheses below coefficients. “ value, unadjusted” is the value associated with the standard error; the bootstrapped value is based on the cluster bootstrap‐t procedure described by Cameron, Gelbach, and Miller (2008), and is not prone to false rejection of the null hypothesis with small numbers of clusters, the unadjusted value is. Bandwidth refers to the Euclidean distance to the boundary between clusters, where observations (obs.) outside this distance are excluded from the sample. Control variables are listed in Table 1. Source: CSR evaluation first and second survey.