Variables

Deposit1

Did

2.562***

(0.488)

Transprice

āˆ’1.359***

(0.415)

Area

0.00235***

(0.000724)

Avegdp

9.21eāˆ’05

(5.51eāˆ’05)

Unemploy

āˆ’2.028***

(0.37)

Constant

3.807

(5.299)

Observations

60

Number of year

15

R-squared

0.556

Robust standard errors in parentheses

***p < 0.01, **p < 0.05, *p < 0.1