VARIABLES

(1)

(2)

(3)

ln_fep

ln_cpi

ln_fes

c. inst# c. agr

0.348***

0.297***

0.269***

(0.0763)

(0.0189)

(0.0188)

Constant

5.161***

9.644***

9.869***

(0.202)

(0.0500)

(0.0496)

Control variables

be

be

be

Observations

9017

8191

9016