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Unformatted text preview: (5) Log total manufacturing output per capita (6) Log registered manufacturing output per capita OLS OLS (7) Log unregistered manufacturing output per capita OLS Labor regulation [t-1] 34 Regulation and Development -0.002 0.019* -0.034* -0.019 -0.073** -0.186*** 0.086** (0.14) (1.81) (1.69) (0.29) (2.05) (2.90) (2.46) State effects YES YES YES YES YES YES YES Year effects YES YES YES YES YES YES YES Adjusted R2 0.93 0.84 0.95 0.76 0.93 0.93 0.75 Observations 509 509 509 509 509 508 509 Notes: Absolute t statistics calculated using robust standard errors clustered at the state level are reported in parentheses, * significant at 10%, ** significant at 5%, *** significant at 1%. Total, non-agricultural, agricultural, total manufacturing, registered manufacturing and unregistered manufacturing output figures are all components of state domestic product and are expressed in log real per capita terms. State amendments to the Industrial Disputes Act are coded 1=pro-worker, 0=neutral, -1=pro-employer and then cumulated over the period to generate the labor regulation measure. The data are for the sixteen main states for the period 1958 - 1992. Haryana split from the Punjab in 1965 and, after this date, we include Haryana as a separate observation. We therefore have a total of 552 possible observations with deviations accounted for by missing data. See the Data Appendix for details on the construction and sources of the variables. Besley & Burgess (2004) Development Economics, LSE Summer School 2007 Table 3: Labor Regulation and Output in India: 1958-1992 (1) (2) (3) (4) Log state Log state Log state Log state nonconstruction output per agricultural capita output per agricultural output per capita capita output per capita Method OLS OLS OLS OLS ...
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This note was uploaded on 12/29/2011 for the course ECO 307 taught by Professor Dublin during the Spring '10 term at SUNY Stony Brook.

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