Cross section regressions (OLS)

Dependent variable: y i t j

1985-2010

1985-1995

1990-2000

1995-2005

2000-2010

y i , t 1 j

0.588*

(0.161)

0.892

(0.114)

0.463*

(0.136)

0.582*

(0.122)

0.545*

(0.120)

Sector 2

1.145*

(0.239)

0.184

(0.169)

1.225*

(0.192)

1.162*

(0.188)

0.982*

(0.229)

Sector 3

0.748*

(0.191)

0.231

(0.135)

0.963*

(0.179)

0.764*

(0.161))

0.572*

(0.193)

R 2

0.9606

0.9704

0.9626

0.9655

0.9642

obs

93

93

93

93

93