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Table 6 The effects of European Structural Funds on annual growth in house prices

From: European structural funds during the crisis: evidence from Southern Italy

Dep. var.: annual growth in house price per sqm (1) (2) (3) (4) (5) Test for (1)-(5) jointly zero (p-val)
2008-09 2009-10 2010-11 2011-12 2012-13
  OLS  
ln(annual per capita payments)t 0.0037* 0.0054*** −0.0006 −0.0030 −0.0081*** 0.0000
(0.0022) (0.0016) (0.0030) (0.0022) (0.0022)  
  LLM FE  
ln(annual per capita payments)t 0.0032 0.0285*** −0.0017 0.0042 −0.0026 0.0025
(0.0039) (0.0075) (0.0042) (0.0046) (0.0031)  
  With f i ′ and f i ′ × 1[second year]  
ln(annual per capita payments)t −0.0022 0.0022 0.0020 −0.0034 −0.0066* 0.3003
(0.0032) (0.0029) (0.0041) (0.0034) (0.0037)  
  With selected covariates (double selection)  
ln(annual per capita payments)t 0.0034 0.0118*** 0.0068* −0.0030 −0.0065* 0.0143
(0.0030) (0.0037) (0.0037) (0.0033) (0.0034)  
Obs 650 650 650 650 650  
  1. Note:
  2. Standard errors clustered for LLM in parentheses. See Tables 12 for other info. The “double selection” has been conducted separately for each couple of years. See Additional file 1: Table S5 for the coefficients on these variables
  3. *p < .10 **p < .05 ***p < .01