Single cross section regressions (OLS)

Dependent variable: $y_{it}$

1985-2010

1985-1995

1990-2000

1995-2005

2000-2010

(i) $y_{i,t-1}^1$

0.702

(0.174)

1.093

(0.122)

0.725

(0.099)

0.783^*

(0.097)

0.694^*

(0.141)

(ii) $y_{i,t-1}^2$

0.774

(0.279)

0.722

(0.171)

1.257

(0.219)

0.588

(0.201)

0.713

(0.173)

(iii) $y_{i,t-1}^3$

0.997

(0.240)

0.569^*

(0.187)

1.074

(0.271)

0.924

(0.169)

0.696

(0.169)

obs

31

31

31

31

31