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File2-page172 - Aghion et al(2003(1(2 93 93 Panel B...

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Aghion et al. (2003) Openness and Economic Performance Table 7: Falsification Checks on the Timing of Delicensing (1) (2) Panel A: Actual Versus Random Delicensing Percentage of times the actual delicensing-labor regulation interaction has a higher t-statistic than the random delicensing-labor regulation interaction 93% 93% Panel B: Including Both Actual and Random Delicensing Percentage of times the actual delicensing-labor regulation interaction is significant at the 5% level 99% 98% Percentage of times the random delicensing-labor regulation interaction is significant at the 5% level 1% 7% Distribution of random delicensing years Empirical Empirical State-year dummies NO YES Industry-year dummies NO YES Balanced panel YES YES Clustering State-year delicensing
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  • Spring '10
  • dublin
  • Monte Carlo method, Computer simulation, Monte Carlo methods in finance, delicensing, delicensing-labor regulation interaction

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