(1)

(2)

(3)

(4)

(5)

(6)

(7)

dropit

−0.238***

−0.262***

−0.156***

−0.0999*

−0.0854*

−0.0962*

−0.0962*

(0.0419)

(0.0571)

(0.0453)

(0.0513)

(0.0497)

(0.0517)

(0.0517)

xsit

−0.318

−0.308**

−0.358**

−0.0673

−0.0484

−0.188

−0.188

(0.325)

(0.137)

(0.164)

(0.140)

(0.129)

(0.135)

(0.135)

L.lnyit

−8.520**

−8.157**

(3.665)

(3.477)

lni/gdpit

−0.524***

(0.167)

lnyit−4

−7.937***

−7.937***

(1.274)

(1.274)

lniw/gdpw

−0.309

−0.309

(0.317)

(0.317)

Constant

9.797***

9.836***

9.931***

100.7**

97.11**

93.88***

93.88***

(0.126)

(0.233)

(0.103)

(39.20)

(37.18)

(13.49)

(13.49)

Region fixed effect

N

Y

Y

Y

Y

Y

Y

Time fixed effect

N

N

Y

Y

Y

Y

Y

Observations

279

279

279

248

248

279

279

R-squared

0.111

0.25

0.522

0.581

0.599

0.584

0.584