Explanatory variables

Dependent variable: Labour disputes

Dependent variable: Banking infrastructure

Coefficient

(S.E.)

Coefficient

(S.E.)

Year of state Assembly elections—Dummy

0.47***

(0.14)

Year after state Assembly elections—Dummy

0.46***

(0.14)

No. of years the incumbent part in the state government

0.094***

(0.017)

−0.013**

(0.0049)

Year of the union election—Dummy

0.39***

(0.080)

Year before the union election—Dummy

0.41***

(0.079)

Year after the union election—Dummy

0.43***

(0.095)

Model Properties

Number of observations

273

288

R-squared

0.61

0.90

Root MSE

1.17

0.15