Source: | 1998–1991 | 2004–1998 | 2011–2004 |
---|---|---|---|
Period 1 | 0.386 (0.018)*** | 0.455 (0.008)*** | 0.561 (0.006)*** |
Period 2 | 0.368 (0.013)*** | 0.386 (0.016)*** | 0.455 (0.008)*** |
Difference | 0.018 (0.021) | 0.069 (0.018)*** | 0.105 (0.010)*** |
Endowments/explained | 0.012 (0.018) | 0.015 (0.015) | 0.029 (0.005)*** |
Coefficients/unexplained | −0.002 (0.019) | 0.050 (0.016)*** | 0.071 (0.009)*** |
Cofficients/unexplained (%) | 11.25 | 72.46 | 67.62 |
Observations | 2796 | 5397 | 10,836 |