File2-page173 - Aghion et al(2003 Openness and Economic...

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Unformatted text preview: Aghion et al. (2003) Openness and Economic Performance Table 6: Robustness to Interactions with State and State-Industry Characteristics (1) (2) (3) Log Real Output Log Real Output Log Real Output Labor Regulation × Delicense -0.048**-0.061**-0.053** (0.023) (0.026) (0.023) Log Development Exp × Delicense 0.236** (0.101)-0.065 (0.101)-0.026 (0.114) Top Tercile × Delicense 0.472*** 0.472*** (0.032) (0.031) Bottom Tercile × Delicense -0.520***-0.521*** (0.032) (0.032) Congress Majority × Delicense -0.002 (0.005) Hard-left Majority × Delicense 0.004 (0.018) Regional Majority × Delicense 0.005 (0.006) Janata Majority × Delicense 0.019 (0.017) Hindu Majority × Delicense 0.080 (0.076) Observations 18324 18324 18324 R-squared 0.92 0.93 0.93 State-industry fixed effects YES YES YES State-year effects YES YES YES Industry-year effects 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. significance at the 1% level; ** denotes statistical significance at the 5% level; * denotes statistical significance at the 10% level....
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