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. 2022 Sep 29;150:104283. doi: 10.1016/j.euroecorev.2022.104283

Table 7.

First stage regressions: impact on exposure variable, conditional on fixed effects.

(1) (2) (3) (4) (5) (6)
Revised cases (commuting) 0.14*** 0.16*** 0.40***
(0.01) (0.01) (0.13)
Unpredicted cases (commuting) 0.07*** 0.07*** 0.11*
(0.02) (0.02) (0.06)
Revised cases (local) 0.12*** −0.22*
(0.01) (0.11)
Unpredicted cases (local) 0.30*** −0.18
(0.07) (0.19)
Observations 583,301 414,944 583,301 443,044 583,301 414,944
State-day fixed effects Yes Yes Yes Yes Yes Yes
F statistic 146.5 144.3 213.4 67.66 18.95 206.6

Notes. ***p < 0.01, **p < 0.05, *p < 0.1. Estimated in first differences. Twoway (county and day) clustered standard errors in parentheses. Revised cases refer to ex post corrections in the count statistics. Unpredicted cases refer to the deviation in cases numbers from the two-day lagged weekly trend. Variables labeled “commuting” employ the between-county commuting flows as weights. Variables labeled “local” concern exposure within the county.