Table 3 Different bandwidth and functional specifications.
(1) h = ±9 | (2) h = ±10 | (3) h = ±11 | (4) h = ±12 | (5) h = ±13 | (6) h = ±14 | |
|---|---|---|---|---|---|---|
Panel A: Local linear functional specification | ||||||
RD_Estimate | −0.3207*** | −0.2066*** | −0.3340*** | −0.3197*** | −0.1670*** | −0.1697*** |
0.0482 | 0.0425 | (0.0400) | 0.0385 | 0.0371 | 0.0357 | |
Panel B: Local quadratic functional specification | ||||||
RD_Estimate | −0.2791*** | −0.3719*** | −0.4385*** | −0.4047*** | −0.2576*** | −0.2275*** |
0.1277 | 0.0911 | 0.0782 | 0.0733 | 0.0658 | 0.0598 | |