Explanatory variables

Dependent variable: IG_VIIT

FEM

REM

(1)

(2)

(3)

(4)

SIZE

0.008

0.008

0.007

0.007

(5.68)

(5.71)

(5.60)

(5.60)

DIFRD

2.843

2.799

3.323

3.378

(1.94)

(1.94)

(2.04)

(2.07)

DIFYP

0.753

0.751

0.759

0.759

(8.71)

(8.63)

(8.83)

(8.78)

DIFY

−0.144

−0.143

−0.142

−0.141

(−5.79)

(−5.82)

(−5.60)

(−5.60)

DIST

−0.005

−0.005

−0.004

−0.004

(−3.11)

(−3.13)

(−3.06)

(−3.07)

Constant

−1.254

−1.235

−1.32

−1.298

(−16.41)

(−19.52)

(−8.13)

(−8.59)

Yearly dummies

Yes

Yes

Number of observations

1552

1552

1552

1552

Overall R2

0.077

0.077

0.081

0.081

R2 for between estimator

0.006

0.006

0.003

0.003

R2 for within estimator

0.144

0.143

0.144

0.142