Single cross section regressions (OLS)

Dependent variable: y i t

1985-2010

1985-1995

1990-2000

1995-2005

2000-2010

y i , t 1

1.057

(0.101)

1.044

(0.103)

1.264*

(0.064)

1.029

(0.057)

0.839*

(0.071)

_cons

3.004

(0.758)

1.259

(0.768)

–0.661

(0.519)

0.843

(0.520)

2.883

(0.681)

R 2

0.7898

0.7810

0.9305

0.9174

0.8275

obs

31

31

31

31

31