Table 7 Regional economic incentives and...

Table 7

Regional economic incentives and pass rate

	passrate	passrate	passrate	passrate
	(1)	(2)	(3)	(4)
Regional Economic Incentives	0.810** (2.45)
Central Economic Incentives		1.154* (1.95)
Local Economic Incentives			−0.830 (−1.05)
Diff in loc_cen Economic Incentives				−0.844 (−1.66)
Control Var	Y	Y	Y	Y
Year F.E	Y	Y	Y	Y
Industry F.E	Y	Y	Y	Y
Adjust R²	0.0930	0.0936	0.0925	0.0936
N	1,596	1,596	1,596	1,596

	passrate	passrate	passrate	passrate
	(1)	(2)	(3)	(4)
Regional Economic Incentives	0.810** (2.45)
Central Economic Incentives		1.154* (1.95)
Local Economic Incentives			−0.830 (−1.05)
Diff in loc_cen Economic Incentives				−0.844 (−1.66)
Control Var	Y	Y	Y	Y
Year F.E	Y	Y	Y	Y
Industry F.E	Y	Y	Y	Y
Adjust R²	0.0930	0.0936	0.0925	0.0936
N	1,596	1,596	1,596	1,596

Note(s): See Table 1 for the variable definitions. The intercept is included but not tabulated. T-statistics are given in brackets. Standard errors are clustered at the industry level. *, ** and *** indicate significance at the 10, 5 and 1% levels, respectively. The control variables in Table 7 are the same as in Table 3 and are untabulated for brevity

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