104/replication_package/Replication/Results/Appendix_Table_C4.doc

{\rtf1\fs24
\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx3888\clbrdrt\brdrs\cellx5184\clbrdrt\brdrs\cellx6336\clbrdrt\brdrs\cellx7632\clbrdrt\brdrs\cellx8928\clbrdrt\brdrs\cellx10224\clbrdrt\brdrs\cellx11376\clbrdrt\brdrs\cellx12528
\ql \cell\qc (1)\cell\qc (2)\cell\qc (3)\cell\qc (4)\cell\qc (5)\cell\qc (6)\cell\qc (7)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx5184\cellx6336\cellx7632\cellx8928\cellx10224\cellx11376\cellx12528
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx3888\clbrdrb\brdrs\cellx5184\clbrdrb\brdrs\cellx6336\clbrdrb\brdrs\cellx7632\clbrdrb\brdrs\cellx8928\clbrdrb\brdrs\cellx10224\clbrdrb\brdrs\cellx11376\clbrdrb\brdrs\cellx12528
\ql VARIABLES\cell\qc alloff\cell\qc alloffd\cell\qc alloff\cell\qc alloff\cell\qc alloff\cell\qc inflate\cell\qc /\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx5184\cellx6336\cellx7632\cellx8928\cellx10224\cellx11376\cellx12528
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql hXZeng_all0_invdistXperiod\cell\qc 0.049***\cell\qc 0.008**\cell\qc 0.790***\cell\qc 0.049***\cell\qc 0.286***\cell\qc \cell\qc \cell\row
\ql \cell\qc (0.013)\cell\qc (0.004)\cell\qc (0.164)\cell\qc (0.013)\cell\qc (0.068)\cell\qc \cell\qc \cell\row
\ql Zeng_all0_invdistXperiod\cell\qc 0.011\cell\qc -0.002\cell\qc 0.021\cell\qc 0.011\cell\qc -0.000\cell\qc \cell\qc \cell\row
\ql \cell\qc (0.011)\cell\qc (0.002)\cell\qc (0.016)\cell\qc (0.011)\cell\qc (0.010)\cell\qc \cell\qc \cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Observations\cell\qc 149,786\cell\qc 149,786\cell\qc 7,263\cell\qc 149,786\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\cellx5184\clbrdrb\brdrs\cellx6336\clbrdrb\brdrs\cellx7632\clbrdrb\brdrs\cellx8928\clbrdrb\brdrs\cellx10224\clbrdrb\brdrs\cellx11376\clbrdrb\brdrs\cellx12528
\ql R-squared\cell\qc 0.384\cell\qc 0.321\cell\qc 0.399\cell\qc 0.130\cell\qc \cell\qc \cell\qc \cell\row
\pard\qc
Robust standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}