(1)

(2)

(3)

(4)

(5)

(6)

lnuis

lnuis

lnuis

lnris

lnris

lnris

lngf

0.0938^**

−0.0156

−0.171

2.386^***

(2.03)

(−0.05)

(−1.30)

(3.02)

lner1

−0.0511^***

−0.0693

0.137^***

0.558^***

(−2.96)

(−1.40)

(2.80)

(4.08)

lngfxlner1

−0.0192

0.446^***

(−0.39)

(3.28)

htl

8.745

7.156

4.807

−13.54

−7.206

−5.355

(1.30)

(1.07)

(0.71)

(−0.70)

(−0.38)

(−0.29)

Ul

4.453^***

4.292^***

4.326^***

5.031^***

5.448^***

5.018^***

(11.27)

(10.93)

(11.03)

(4.47)

(4.90)

(4.63)

gov

2.614^***

3.000^***

2.591^***

−2.844^**

−3.526^***

−2.892^***

(6.42)

(8.62)

(6.50)

(−2.46)

(−3.58)

(−2.62)

ird

24.35^***

24.43^***

24.44^***

16.40^*

15.86

23.87^**

(7.02)

(7.14)

(6.92)

(1.66)

(1.64)

(2.44)

_cons

−3.485^***

−3.868^***

−3.771^***

−0.338

0.509^*

2.714^***

(−25.93)

(−37.19)

(−11.80)

(−0.88)

(1.73)

(3.07)

N

176

176

176

176

176

176

r2

0.956

0.957

0.958

0.500

0.518

0.554