Pro

fac

o l d

−0.6854***

(−4.3995)

−0.3156***

(−6.6577)

C

1.0818***

(16.7585)

0.9509***

(40.7071)

N

R 2

432

0.9462

432

0.9491

Hausman

0.0000

0.0000