RDP 2007-04: Productivity Growth: The Effect of Market Regulations Equation (1)

Δ t f p i t = β 1 P M R i t − 1 + β 2 L M R i t − 1 + β 3 P M R i t − 1 ∗ L M R i t − 1 + β 4 Δ t f p L t + β 5 t f p g a p i t − 1 + β 6 t f p g a p i t − 1 ∗ P M R i t − 1 + β 7 t f p g a p i t − 1 ∗ L M R i t − 1 + β 8 t f p g a p i t − 1 ∗ P M R i t − 1 ∗ L M R i t − 1 + β 9 h k i t − 1 + β 10 e p o p i t − 1 + β 11 o u t p u t g a p i t + T + α i + ε i t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaaiiGacq WFuoarcaWG0bGaamOzaiaadchadaWgaaWcbaGaamyAaiaadshaaeqa aOGaeyypa0JaeqOSdi2aaSbaaSqaaiaaigdaaeqaaOGaamiuaiaad2 eacaWGsbWaaSbaaSqaaiaadMgacaWG0baccaGae4NeI0IaaGymaaqa baGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGOmaaqabaGccaWGmbGaam ytaiaadkfadaWgaaWcbaGaamyAaiaadshacqGFsislcqGFXaqmaeqa aOGaey4kaSIaeqOSdi2aaSbaaSqaaiaaiodaaeqaaOGaamiuaiaad2 eacaWGsbWaaSbaaSqaaiaadMgacaWG0bGae4NeI0IaaGymaaqabaGc daahaaWcbeqaaiabgEHiQaaakiaadYeacaWGnbGaamOuamaaBaaale aacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaOGaey4kaSIaeqOSdi2a aSbaaSqaaiaaisdaaeqaaOGae8hLdqKaamiDaiaadAgacaWGWbWaaS baaSqaaiaadYeacaWG0baabeaaaOqaaiabgUcaRiabek7aInaaBaaa leaacaaI1aaabeaakiaadshacaWGMbGaamiCaiaadEgacaWGHbGaam iCamaaBaaaleaacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaOGaey4k aSIaeqOSdi2aaSbaaSqaaiaaiAdaaeqaaOGaamiDaiaadAgacaWGWb Gaam4zaiaadggacaWGWbWaaSbaaSqaaiaadMgacaWG0bGae4NeI0Ia aGymaaqabaGcdaahaaWcbeqaaiabgEHiQaaakiaadcfacaWGnbGaam OuamaaBaaaleaacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaOGaey4k aSIaeqOSdi2aaSbaaSqaaiaaiEdaaeqaaOGaamiDaiaadAgacaWGWb Gaam4zaiaadggacaWGWbWaaSbaaSqaaiaadMgacaWG0bGae4NeI0Ia aGymaaqabaGcdaahaaWcbeqaaiabgEHiQaaakiaadYeacaWGnbGaam OuamaaBaaaleaacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaaGcbaGa ey4kaSIaeqOSdi2aaSbaaSqaaiaaiIdaaeqaaOGaamiDaiaadAgaca WGWbGaam4zaiaadggacaWGWbWaaSbaaSqaaiaadMgacaWG0bGae4Ne I0IaaGymaaqabaGcdaahaaWcbeqaaiabgEHiQaaakiaadcfacaWGnb GaamOuamaaBaaaleaacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaOWa aWbaaSqabeaacqGHxiIkaaGccaWGmbGaamytaiaadkfadaWgaaWcba GaamyAaiaadshacqGFsislcaaIXaaabeaakiabgUcaRiabek7aInaa BaaaleaacaaI5aaabeaakiaadIgacaWGRbWaaSbaaSqaaiaadMgaca WG0bGae4NeI0IaaGymaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGa aGymaiaaicdaaeqaaOGaamyzaiaadchacaWGVbGaamiCamaaBaaale aacaWGPbGaamiDaiab+jHiTiaaigdaaeqaaaGcbaGaey4kaSIaeqOS di2aaSbaaSqaaiaaigdacaaIXaaabeaakiaad+gacaWG1bGaamiDai aadchacaWG1bGaamiDaiaadEgacaWGHbGaamiCamaaBaaaleaacaWG PbGaamiDaaqabaGccqGHRaWkcaWGubGaey4kaSIaeqySde2aaSbaaS qaaiaadMgaaeqaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaadMgacaWG 0baabeaaaaaa@E950@