File2-page170 - Aghion et al. (2003) Log Real Fixed Capital...

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Unformatted text preview: Aghion et al. (2003) Log Real Fixed Capital Labor Regulation Delicense Log Real Fixed Capital -0.066* (0.040) 0.011 (0.056) -0.030 (0.044) 0.015 (0.056) -0.039** (0.020) 18324 0.85 YES YES Labor Regulation × Delicense Observations R-squared State-industry fixed effects Year effects State-year effects Industry-year effects 18324 0.85 YES YES -0.054*** (0.020) 18324 0.89 YES YES YES (4) (5) (3) Log Employment Log Employment Log Employment -0.092*** (0.033) 0.032 (0.034) Log Real Fixed Capital -0.037 (0.028) 0.038 (0.034) -0.060*** (0.013) 18324 0.90 YES YES 18324 0.90 YES YES -0.050*** (0.019) 18324 0.93 YES YES YES Notes: Robust standard errors adjusted for clustering on state×year delicensed are reported in parentheses. *** denotes statistical significance at the 1% level; ** denotes statistical significance at the 5% 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 otherwise. State amendments to the Industrial Disputes Act are coded 1=pro-worker, 0=neutral and -1=pro-employer and then cumulated over the period to generate the labor regulation measure. The data set is a balanced panel of three-digit state-industries that are present in the data in all 18 years and includes an average of 64 three-digit industries in the 16 states over the period 1980 to 1997. 167 Openness and Economic Performance Development Economics, LSE Summer School 2007 Table 4: Delicensing, Labor Regulation, Investment and Employment in India: 1980-1997 (1) (2) (3) ...
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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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