{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

File2-page52 - Note Numbers in parentheses are OLS standard...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Besley & Burgess (2002) Media and Policy Table 8. Linking Distance, Information, and Capture Specification 1 2 3 2 nd stage a 1 st stage 2 nd stage Dependent variable Δ s j info j Δ s j Constant 2.30 (21.1) 0.03 (15.7) Info 65.9 *** (23.5) [23.6] 71.6 *** (18.0) [18.3] Distance to nearest newspaper outlet –0.060 ** (.034) Distance to nearest newspaper outlet (average) –0.308 *** (.070) Controls, including income Yes Yes Yes F-test of instruments b 11.8 {.000} 15.9 {.000} Hansen J-statistic c 0.004 {0.947} Number of schools 199 388 199 * Significant at the 5 percent level. *** Significant at the 1 percent level.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Note : Numbers in parentheses are OLS standard errors; numbers in brackets are bootstrapped standard errors. See appendix for definition of variables. a. First-stage regression is reported in table 7, column 2. b. The test statistic on the F-test of the joint significance of the instruments in the first-stage regression, with p-values in braces. c. The test statistic on the overidentification test of the instruments, with p-values in braces. Development Economics, LSE Summer School 2007 49...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern