Aghion et al. (2003)Openness and Economic PerformanceTable 2: Average Effects of Delicensing on Net Entry in India: 1980-1997Notes:Robust standard errors adjusted for clustering on state×year delicensed are reported in parentheses. *** denotes statistignificance at the 1% level; ** denotes statistical significance at th5% level; * denotes statistical significance at the 10% level. Delicense is a dummy variable which is one if all or part of a three-digit industry is delicensed in a particular year and zero otherwiseState 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 set is
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