104/replication_package/Replication/Results/Appendix_Table_C3.doc

{\rtf1\fs24
\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx3888\clbrdrt\brdrs\cellx6480\clbrdrt\brdrs\cellx8640\clbrdrt\brdrs\cellx9936\clbrdrt\brdrs\cellx11232\clbrdrt\brdrs\cellx12528
\ql \cell\qc (1)\cell\qc (2)\cell\qc (3)\cell\qc (4)\cell\qc (5)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx6480\cellx8640\cellx9936\cellx11232\cellx12528
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx3888\clbrdrb\brdrs\cellx6480\clbrdrb\brdrs\cellx8640\clbrdrb\brdrs\cellx9936\clbrdrb\brdrs\cellx11232\clbrdrb\brdrs\cellx12528
\ql VARIABLES\cell\qc lncntyquota_panel\cell\qc lnjinshi_panel\cell\qc alloff\cell\qc alloff\cell\qc alloff\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx6480\cellx8640\cellx9936\cellx11232\cellx12528
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql lnjinshi_panel\cell\qc \cell\qc \cell\qc \cell\qc 0.031*\cell\qc \cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.017)\cell\qc \cell\row
\ql lncntyquota_panel\cell\qc \cell\qc \cell\qc \cell\qc 0.036\cell\qc \cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.064)\cell\qc \cell\row
\ql hXZeng_all0_invdistXperiod\cell\qc 0.019***\cell\qc 0.054**\cell\qc 0.049***\cell\qc 0.047***\cell\qc 0.046***\cell\row
\ql \cell\qc (0.005)\cell\qc (0.023)\cell\qc (0.013)\cell\qc (0.013)\cell\qc (0.013)\cell\row
\ql lnjinshi_aft50Xperiod\cell\qc \cell\qc \cell\qc \cell\qc \cell\qc 0.028*\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc (0.016)\cell\row
\ql lncntyquotaXperiod\cell\qc \cell\qc \cell\qc \cell\qc \cell\qc 0.035\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc (0.064)\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Observations\cell\qc 3,292\cell\qc 3,292\cell\qc 149,786\cell\qc 149,786\cell\qc 149,786\cell\row
\trowd\trgaph75\trleft-75\trqc\trbrdrb\brdrs\clbrdrb\brdrs\cellx3888\clbrdrb\brdrs\cellx6480\clbrdrb\brdrs\cellx8640\clbrdrb\brdrs\cellx9936\clbrdrb\brdrs\cellx11232\clbrdrb\brdrs\cellx12528
\ql R-squared\cell\qc 0.996\cell\qc 0.932\cell\qc 0.384\cell\qc 0.384\cell\qc 0.384\cell\row
\pard\qc
Robust standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}