rer

dfi1

0.2133***

(13.08)

0.1907***

(11.47)

0.1829***

(11.23)

0.1482***

(10.51)

0.1348***

(8.92)

libper

0.0696***

(4.43)

0.0153***

(4.54)

0.0934***

(7.13)

0.0864***

(6.48)

market

0.0392***

(4.27)

0.1286***

(3.86)

0.1403***

(4.19)

mad

0.0033***

(10.99)

0.0031***

(10.36 )

sdgdp

0.0013**

(2.35)

_cons

0.2009

(11.21)

0.1508

(7.27)

0.1586***

(7.83)

0.1548***

(9.05)

0.1710***

(9.34)

YEAR FE

YES

YES

YES

YES

YES

STATE FE

YES

YES

YES

YES

YES

N

341

341

341

341

341

R²

0.9887

0.9866

0.9880

0.9852

0.9857