Table 2.
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
---|---|---|---|---|---|---|
Main equation |
Reduced form equation |
Reduced form equation |
Main equation |
Reduced form equation |
Reduced form equation |
|
Dependent variable | ||||||
3.483*** (1.235) | 4.080*** (1.246) | |||||
0.022*** (0.003) | ||||||
0.011*** (0.001) | ||||||
0.506*** (0.152) | 10.410** (5.183) | 0.686*** (0.151) | 11.014 (9.570) | |||
0.185 (0.204) | 23.306*** (8.506) | 0.472** (0.193) | 29.862* (15.712) | |||
0.726* (0.397) | 2.020 (2.329) | 0.917** (0.405) | 4.434 (4.299) | |||
0.334*** (0.038) | 5.695*** (0.892) | 0.347*** (0.039) | 14.072*** (1.888) | |||
−0.009*** (0.001) | −0.039 (0.030) | −0.010*** (0.001) | −0.144** (0.062) | |||
−3.819*** (1.269) | −4.593*** (1.305) | |||||
−0.014*** (0.003) | −0.008*** (0.001) | |||||
−0.001*** (4.7e-04) | ||||||
−2.9e-04*** (6.0e-05) | ||||||
−0.001*** (2.9e-04) | ||||||
−1.5e-04*** (3.3e-05) | ||||||
−0.052*** (0.016) | −0.049*** (0.015) | |||||
−0.014 (0.012) | −0.019 (0.012) | |||||
0.041** (0.020) | 0.038* (0.020) | |||||
−0.317*** (0.005) | −0.316*** (0.005) | |||||
−0.008*** (0.003) | −0.009*** (0.003) | |||||
4.2e-04*** (1.0e-04) | 0.001*** (1.2e-04) | |||||
0.002* (0.001) | 0.002* (0.001) | |||||
−3.750*** (0.740) | ||||||
−26.318*** (4.966) | ||||||
−13.308*** (1.752) | ||||||
−55.739*** (11.655) | ||||||
constant | −37.208*** (12.375) | 9.979*** (0.021) | 116.771*** (18.371) | −43.103*** (12.467) | 9.941*** (0.031) | 348.805*** (40.394) |
Province fixed effects |
YES |
YES |
YES |
YES |
YES |
YES |
Number of provinces | 52 | 52 | 52 | 52 | 52 | 52 |
Number of time periods | 27 | 27 | 29 | 27 | 27 | 29 |
R-squared | 0.692 | 0.758 | 0.580 | 0.684 | 0.758 | 0.618 |
Observations | 1404 | 1404 | 1508 | 1404 | 1404 | 1508 |
Note: Standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1. Standard errors for the main equation have been bootstrapped after 1000 replications. The reference categories are June/July and Wednesday.