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gw_prod_lr_third.tex
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gw_prod_lr_third.tex
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% Table created by stargazer v.5.1 by Marek Hlavac, Harvard University. E-mail: hlavac at fas.harvard.edu
% Date and time: Fri, Oct 02, 2015 - 13:16:25
\begin{tabular}{@{\extracolsep{5pt}}lcccccc}
\\[-1.8ex]\hline
\hline \\[-1.8ex]
& \multicolumn{6}{c}{\textit{Dependent variable:}} \\
\cline{2-7}
\\[-1.8ex] & \multicolumn{6}{c}{$\Delta \log \left(\frac{z}{z^*} \right)$} \\
\\[-1.8ex] & (1) & (2) & (3) & (4) & (5) & (6)\\
\hline \\[-1.8ex]
$\Delta \log \tau_t^{hf}$ & 0.008$^{***}$ & 0.008$^{**}$ & 0.017$^{***}$ & 0.004 & 0.016$^{**}$ & 0.006 \\
& (0.003) & (0.003) & (0.006) & (0.006) & (0.007) & (0.006) \\
& & & & & & \\
$\Delta \log \tau_t^{fh}$ & $-$0.003 & 0.002 & $-$0.009 & $-$0.006 & $-$0.006 & $-$0.001 \\
& (0.004) & (0.004) & (0.007) & (0.007) & (0.007) & (0.007) \\
& & & & & & \\
$\Delta \log \tau_t^{ht}$ & $-$0.001 & $-$0.005 & $-$0.0005 & 0.004 & $-$0.008 & 0.004 \\
& (0.003) & (0.004) & (0.006) & (0.007) & (0.007) & (0.007) \\
& & & & & & \\
$\Delta \log \tau_t^{th}$ & $-$0.0003 & 0.002 & $-$0.003 & $-$0.004 & $-$0.006 & 0.006 \\
& (0.003) & (0.004) & (0.006) & (0.007) & (0.007) & (0.007) \\
& & & & & & \\
$\Delta \log \tau_t^{ft}$ & $-$0.001 & $-$0.004 & 0.001 & $-$0.004 & 0.002 & $-$0.009 \\
& (0.004) & (0.004) & (0.007) & (0.006) & (0.007) & (0.007) \\
& & & & & & \\
$\Delta \log \tau_t^{tf}$ & 0.011$^{***}$ & 0.011$^{***}$ & 0.015$^{***}$ & 0.003 & 0.019$^{***}$ & $-$0.001 \\
& (0.003) & (0.004) & (0.006) & (0.006) & (0.007) & (0.006) \\
& & & & & & \\
$\Delta \log D_t$ & $-$0.059 & $-$0.097$^{*}$ & $-$0.096 & $-$0.031 & $-$0.129$^{*}$ & $-$0.035 \\
& (0.048) & (0.054) & (0.060) & (0.104) & (0.070) & (0.114) \\
& & & & & & \\
$\Delta \log D_t^*$ & 0.170$^{**}$ & 0.072 & 0.183$^{**}$ & $-$0.460 & 0.168$^{**}$ & $-$1.122$^{**}$ \\
& (0.072) & (0.081) & (0.072) & (0.479) & (0.085) & (0.448) \\
& & & & & & \\
$\log \left(\frac{z_{t-1}}{z_{t-1}^*} \right)$ & $-$0.399$^{***}$ & $-$0.052$^{***}$ & $-$0.437$^{***}$ & $-$0.325$^{***}$ & $-$0.053$^{***}$ & $-$0.045$^{***}$ \\
& (0.016) & (0.009) & (0.025) & (0.031) & (0.016) & (0.017) \\
& & & & & & \\
$\log \tau_{t-1}^{hf}$ & 0.010$^{***}$ & 0.007$^{**}$ & 0.018$^{***}$ & 0.004 & 0.009 & 0.007 \\
& (0.003) & (0.003) & (0.006) & (0.005) & (0.006) & (0.005) \\
& & & & & & \\
$\log \tau_{t-1}^{fh}$ & $-$0.011$^{***}$ & $-$0.004 & $-$0.021$^{***}$ & $-$0.008 & $-$0.008 & $-$0.003 \\
& (0.004) & (0.003) & (0.007) & (0.007) & (0.006) & (0.006) \\
& & & & & & \\
$\log \tau_{t-1}^{ht}$ & $-$0.0001 & 0.004 & $-$0.004 & 0.008 & $-$0.004 & 0.014$^{***}$ \\
& (0.003) & (0.003) & (0.006) & (0.006) & (0.006) & (0.005) \\
& & & & & & \\
$\log \tau_{t-1}^{th}$ & $-$0.014$^{***}$ & $-$0.006$^{**}$ & $-$0.020$^{***}$ & $-$0.014$^{**}$ & $-$0.013$^{**}$ & $-$0.001 \\
& (0.003) & (0.003) & (0.006) & (0.006) & (0.006) & (0.005) \\
& & & & & & \\
$\log \tau_{t-1}^{ft}$ & 0.009$^{***}$ & 0.002 & 0.012$^{*}$ & 0.007 & 0.007 & $-$0.001 \\
& (0.003) & (0.003) & (0.007) & (0.006) & (0.006) & (0.005) \\
& & & & & & \\
$\log \tau_{t-1}^{tf}$ & 0.010$^{***}$ & $-$0.002 & 0.017$^{**}$ & $-$0.001 & 0.006 & $-$0.014$^{***}$ \\
& (0.003) & (0.003) & (0.007) & (0.006) & (0.006) & (0.005) \\
& & & & & & \\
$\log L_{t-1}$ & 3.416$^{***}$ & 2.380$^{***}$ & 3.536$^{***}$ & 2.687$^{***}$ & 3.176$^{***}$ & 0.754 \\
& (0.206) & (0.217) & (0.320) & (0.454) & (0.358) & (0.459) \\
& & & & & & \\
$\log L_{t-1}^*$ & $-$3.239$^{***}$ & $-$2.204$^{***}$ & $-$3.419$^{***}$ & $-$2.636$^{***}$ & $-$3.095$^{***}$ & $-$0.604 \\
& (0.207) & (0.219) & (0.323) & (0.468) & (0.358) & (0.469) \\
& & & & & & \\
$\log w_{t-1}$ & 0.143$^{***}$ & $-$0.046$^{***}$ & 0.122$^{***}$ & 0.115$^{***}$ & $-$0.080$^{***}$ & $-$0.035 \\
& (0.019) & (0.016) & (0.030) & (0.043) & (0.026) & (0.032) \\
& & & & & & \\
$\log w_{t-1}^*$ & $-$0.151$^{***}$ & 0.045$^{***}$ & $-$0.146$^{***}$ & $-$0.065 & 0.065$^{***}$ & 0.056$^{*}$ \\
& (0.020) & (0.016) & (0.029) & (0.047) & (0.025) & (0.033) \\
& & & & & & \\
\hline \\[-1.8ex]
Observations & 2,506 & 2,506 & 955 & 741 & 955 & 741 \\
R$^{2}$ & 0.378 & 0.126 & 0.433 & 0.354 & 0.168 & 0.124 \\
\hline
\hline \\[-1.8ex]
\textit{Note:} & \multicolumn{6}{r}{$^{*}$p$<$0.1; $^{**}$p$<$0.05; $^{***}$p$<$0.01} \\
& \multicolumn{6}{r}{Fixed effects for country pair or industry/country pair} \\
\end{tabular}
% Table created by stargazer v.5.1 by Marek Hlavac, Harvard University. E-mail: hlavac at fas.harvard.edu
% Date and time: Fri, Oct 02, 2015 - 13:16:27
\begin{tabular}{@{\extracolsep{5pt}} c}
\\[-1.8ex]\hline
\hline \\[-1.8ex]
\multicolumn{1}{l}{Fixed effects for country pair or industry/country pair} \\
\end{tabular}