Eastern region

Central region

Western region

(1)

(2)

(3)

(4)

(5)

(6)

ROA

ROA

ROA

ROA

ROA

ROA

Rur_D

0.010***

0.000

0.001

(3.197)

(0.008)

(0.093)

Rur_scl

0.003***

0.006***

0.001

(3.088)

(3.528)

(1.041)

Controls

control

control

control

control

control

control

_cons

0.017

0.018

−0.003

0.002

−0.013

−0.011

(0.937)

(0.917)

(−0.095)

(0.052)

(−0.476)

(−0.348)

N

2151

1656

636

542

737

634

r²_a

0.073

0.080

0.093

0.125

0.063

0.072

year

Yes

Yes

Yes

Yes

Yes

Yes

ind

Yes

Yes

Yes

Yes

Yes

Yes