|
| (1) | (2) |
| Dependent variable | lgovexp | lgovinvest |
| pmc | −0.077*** | 0.171*** |
|
| (0.020) | (0.038) |
| treatment_trend | −0.017*** | −0.066*** |
|
| (0.004) | (0.007) |
| cpe | 0.006 | 0.028 |
|
| (0.021) | (0.042) |
| _cons | 5.435*** | 3.234*** |
|
| (0.007) | (0.015) |
| N | 11999 | 11999 |
| R2 | 0.926 | 0.871 |