(1.10)

(3.83)**

(1.89)

E−1

0.014

0.083

(0.20)

(1.30)

K−1

−0.157

(4.40)**

E

0.330

(5.30)**

Year

0.303

(4.41)**

_cons

16.250

20.181

−579.702

(9.20)**

(2.71)**

(4.43)**

R2

0.98

0.89

0.97

N

21

21

21