Table 2 Benchmark regression results.
Variables | lnpgdp | eq | lnpgdp | eq | lnpgdp | eq | lnpgdp | eq |
|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
Policy | 0.541*** (0.021) | 0.071*** (0.003) | 0.180*** (0.012) | 0.012*** (0.001) | 0.172*** (0.012) | 0.012*** (0.001) | ||
CCPAs × policy | 0.247*** (0.016) | 0.013*** (0.001) | ||||||
Constant | 9.815*** (0.005) | 0.541*** (0.001) | 9.838*** (0.002) | 0.545*** (0.000) | 11.624*** (0.192) | 0.586*** (0.011) | 11.613*** (0.192) | 0.585*** (0.011) |
Controls | No | No | No | No | Yes | Yes | Yes | Yes |
Year effect | No | No | Yes | Yes | Yes | Yes | Yes | Yes |
County effect | No | No | Yes | Yes | Yes | Yes | Yes | Yes |
Obs | 37,373 | 37,373 | 37,373 | 37,373 | 37,373 | 37,373 | 37,373 | 37,373 |
Adj-R2 | 0.017 | 0.015 | 0.839 | 0.972 | 0.844 | 0.973 | 0.844 | 0.973 |