|
| (1) | (2) |
|
| RD | RD |
| AD | 0.654*** | 0.587*** |
|
| (7.67) | (6.55) |
| AD2 |
| −0.460** |
|
|
| (−2.46) |
| _CONS | 2.885*** | 2.912*** |
|
| (7.16) | (7.23) |
| CONTROLS | YES | YES |
| YEAR | YES | YES |
| IND | YES | YES |
| N | 18,218 | 18,218 |
| R2 | 0.471 | 0.471 |
| F | 163.0 | 161.1 |