Table 7.

F-GLS estimation with fixed effects. Best quartile for Regulatory Quality

	(1)	(2)	(3)	(4)	(5)	(6)
	New Cases pc	New Cases pc	New Cases pc	New Cases pc	New Cases pc	New Cases pc
YCases pc	0.00358***	0.00799***	0.0131***	0.0137***	0.0139***	0.0128***
	(5.00)	(10.48)	(17.67)	(19.15)	(20.40)	(20.34)
Dummy Lockdown	0.0000209***
	(11.59)
Dummy Lockdown 10 days		0.00000419**
		(2.15)
Dummy Lockdown 20 days			− 0.0000152***
			(− 7.73)
Dummy Lockdown 25 days				− 0.0000187***
				(− 9.59)
Dummy Lockdown 30 days					− 0.0000219***
					(− 11.23)
Dummy Lockdown 40 days						− 0.0000222***
						(− 10.98)
Constant	0.00000645***	0.0000112***	0.0000137***	0.0000137***	0.0000135***	0.0000130***
	(6.85)	(12.47)	(16.04)	(16.30)	(16.37)	(15.80)
Observations	3380	3380	3380	3380	3380	3380
Rho	0.130	0.0849	0.0532	0.0507	0.0497	0.0537
R2	0.124	0.140	0.179	0.188	0.196	0.193

t statistics in parentheses

*p < 0.1; **p < 0.05; ***p < 0.01