Table 5.
Results of falsification test.
| ln_rate | ln_death | ln_rate | ln_death | |
|---|---|---|---|---|
| Wise_1 | −0.121 | −0.050 | −0.091 | −0.068 |
| (0.083) | (0.074) | (0.081) | (0.075) | |
| Wise_2 | 0.046 | −0.012 | 0.037 | −0.009 |
| (0.107) | (0.095) | (0.101) | (0.093) | |
| Wise_3 | 0.028 | 0.130* | 0.021 | 0.124* |
| (0.083) | (0.074) | (0.080) | (0.073) | |
| Control variables | No | No | Yes | Yes |
| Region FE | Yes | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes | Yes |
| Constant | 0.359*** | 6.192*** | 6.427*** | 9.732*** |
| (0.056) | (0.050) | (1.223) | (1.128) | |
| R 2 | 0.954 | 0.811 | 0.958 | 0.821 |
| N | 380 | 380 | 380 | 380 |
*** and *, respectively, indicate significance at the 1 and 10% level. Standard error in parentheses.