N = 0

N = 5

N = 10

Variable

Coef.

Std. Err

Prob.

Coef.

Std. Err

Prob.

Coef.

Std. Err

Prob.

C

−0.219

0.093

0.0212

**

−0.238

0.0908

0.0106

**

−0.221

0.0931

0.0202

**

lex/lcap

1.11

0.119

0.000

***

1.14

0.116

0.000

***

1.11

0.120

0.000

***

GoN

0.00148

0.00475

0.763

−0.00259

0.00268

0.337

0.00147

0.00212

0.489

Go90-GoN

0.00197

0.00103

0.0607

*

0.00316

0.0011

0.0054

***

0.00214

0.0133

0.110

SecScore

−0.0543

0.0192

0.0061

***

−0.0602

0.0191

0.0023

***

−0.0550

0.0195

0.0063

***

Adj. R2

0.677

0.690

0.677