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Econometric Specs

Econometric Specs

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Econometric Specs To be able to make use of cross-state law variation we use the specification that is following where is an upshot of interest such as for example quantity lent, and generally are in bucks, and generally are in days, while the other five legislation factors are binary. As the primary way to obtain variation is variations in legislation across states we can’t include state fixed impacts, but we could at the least partially account for cross-state distinctions with…

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