Variables

IV

(1) G = 1

(2) G = 2

(3) G = 3

Real_PIN

−0.0438^***

0.0128

0.0888^***

(−4.19)

(0.71)

(6.93)

_CONS

0.497^***

0.565^***

0.541^***

(15.19)

(23.93)

(23.31)

N

6008

5994

6002

R²

0.072

0.063

0.029