Table 7.

Panel regression estimates with sector groupings.

Variable		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
${\alpha }_0$		0.0537	0.0656	0.0871	0.1052	0.0469	−0.0629	0.0567	0.0651	0.0694	0.0670
		(0.0856)	(0.0849)	(0.0913)	(0.0852)	(0.0818)	(0.0850)	(0.0851)	(0.0852)	(0.0851)	(0.0851)
$L_{MCAP}$		0.0093	0.0095	0.0124	0.0133	0.0078	0.0098	0.0092	0.0099	0.0105	0.0100
		(0.0090)	(0.0090)	(0.0098)	(0.0090)	(0.0086)	(0.0089 )	(0.0090)	(0.009)	(0.0091)	(0.0090)
$MTBR$		0.0002	0.0003	0.0003	0.0004	0.0005	0.0003	0.0007	0.0003	0.0003	0.0002
		(0.0007)	(0.0007)	(0.0007)	(0.0007)	(0.0006 )	(0.0006)	(0.0007)	(0.0006)	(0.0007)	(0.0006)
$FIN$		−0.0246
		(0.0219)
$COND$			0.0029***
			(0.0006)
$ENG$				−0.0373
				(0.0572)
$TEC$					0.2402***
					(0.0527)
$INDUS$						−0.0194
						(0.0338)
$CONS$							−0.0199
							(0.0352)
$COM$								−0.0463
								(0.0342)
$MAT$									−0.0029
									(0.0288)
$HC$										−0.0227
										(0.0414)
$UT$											0.0087
											(0.0412)