Beck, Thorsten (contributor); Levine, Ross (contributor); … - 2007
year t, α and β are vectors of state and
year fixed-effects, X
s,t
is a set of time-varying, state-level variables and ε … particular, D_xj equals one for all observations in state j that are x years before
deregulation, while Dxj equals one for the … year x year after deregulation in state j. Figure 1 plots
the results and the 95% confidence intervals, centering the …