Estimator

LY

RD

n

50

coef.

0.59

0.51

0.52

0.54

(s.e.)

(0.32)

(0.50)

(0.43)

(0.34)

200

coef.

0.51

0.52

0.52

0.51

(s.e.)

(0.15)

(0.20)

(0.17)

(0.13)

500

coef.

0.51

0.51

0.51

0.51

(s.e.)

(0.09)

(0.13)

(0.10)

(0.09)

1000

coef.

0.51

0.49

0.49

0.50

(s.e.)

(0.07)

(0.09)

(0.08)

(0.06)

10,000

coef.

0.50

0.51

0.51

0.50

(s.e.)

(0.02)

(0.03)

(0.02)

(0.02)