eldorado.tu-dortmund.de/server/api/core/bitstreams/ed86f36d-006c-4d2a-811b-f9d17e325734/content
(4.2186)
State dummies Yes Yes Yes Yes Yes Industry dummies No No No No No Observations 6,538 6,538 6,538 6,538 6,538 F-value 240.34
Notes: Results of 2SLS estimation; the F-value corresponds to the null [...] Crisis
-1,4
-9,5
9,0
0,6
-1,5
1,9
0,8 0,0
0,8
-0,20 -0,60
-1,60
-4,70
0,20 0,60 0,70 0,80
2,30
-10,0
-8,0
-6,0
-4,0
-2,0
0,0
2,0
4,0
6,0
8,0
10,0
Start of the crisis Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8
Ch an
ge c
om [...] 0340) (0.0342)
State dummies Yes Yes Yes Yes Industry dummies Yes Yes Yes Yes Observations 6,550 6,550 6,550 6,550
Notes: Results of average marginal effects of the probit regression; dependent variables— …