| Beta-coefficient | Correlation coefficient |
R
2
| Country fixed effects |
---|
1. | 0.653 (0.006)*** | 0.612 | 0.374 | No |
2. | 0.605 (0.007)*** | 0.566 | 0.403 | Yes |
- Robust standard errors in parentheses
- Number of observations in all regressions: 14,196
- *** Significant at 1 %, ** significant at 5 %, * significant at 10 %