File2-page171 - Labor Regulation - 0.132 (0.043) -0.360***...

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Unformatted text preview: Labor Regulation - 0.132 (0.043) -0.360*** (0.084) -0.003 (0.048) -0.006 (0.051) 0.051*** (0.015) Delicense Tariff Rate Labor Regulation × Tariff Rate 0.009 (0.019) Observations R-squared State-industry fixed effects Year effects State-year effects Industry-year effects 17783 0.89 YES YES 17783 0.89 YES YES 17783 0.92 YES YES YES (4) Log Real Output -0.191* (0.098) 0.049 (0.044) -0.008 (0.050) 0.026 (0.016) -0.061*** (0.020) 17783 0.89 YES YES (5) Log Real Output 0.008 (0.020) -0.059*** (0.024) 17783 0.92 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. Tariff rate is the log tariff rate applied to a three digit industry. 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. 168 Openness and Economic Performance Labor Regulation × Delicense Aghion et al. (2003) Development Economics, LSE Summer School 2007 Table 5: Trade Liberalization, Labor Regulation and Industrial Performance in India, 1980-97 (1) (2) (3) Log Real Output Log Real Output Log Real Output ...
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