(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

Eastern

Part

Central

Section

Western

Part

Eastern

Part

Central

Section

Western

Part

Eastern

Part

Central

Section

Western

Part

VARIABLES

ln_cpi

ln_cpi

ln_cpi

ln_fep

ln_fep

ln_fep

ln_fes

ln_fes

ln_fes

c. inst# c. con

0.0608**

0.0269

0.186***

−0.0425

0.155

0.284*

0.0208

0.0502

0.154***

(0.0236)

(0.0367)

(0.0409)

(0.114)

(0.184)

(0.154)

(0.0268)

(0.0498)

(0.0372)

Constant

8.107***

4.449***

8.116***

2.163***

−1.929

0.852

8.254***

5.288***

8.337***

(0.169)

(0.278)

(0.197)

(0.723)

(1.534)

(0.990)

(0.185)

(0.385)

(0.253)

Control variables

be

be

be

be

be

be

be

be

be

Observations

3842

2577

2045

4292

2825

2223

4291

2825

2223