	(1)	(2)	(3)	(4)	(5)	(6)	(7)
VARIABLES	OLS R-R log(value)	OLS C-R log(value)	PPML FE C-R value	OLS C-C log(value)	PPML FE C-C value	OLS C-C log(value) 5	PPML FE C-C value 5
							
nn_trend	0.061***	0.071***	0.054***	0.073***	0.053***	0.064***	0.046***
	(0.011)	(0.013)	(0.004)	(0.005)	(0.004)	(0.004)	(0.004)
ns_trend	0.055***	0.100***	0.050***	0.074***	0.050***	0.106***	0.075***
	(0.006)	(0.012)	(0.007)	(0.005)	(0.008)	(0.007)	(0.005)
sn_trend	0.058***	0.074***	0.045***	0.083***	0.043***	0.128***	0.078***
	(0.016)	(0.012)	(0.007)	(0.006)	(0.008)	(0.009)	(0.008)
ss_trend	0.101***	0.145***	0.083***	0.126***	0.082***	0.161***	0.097***
	(0.014)	(0.010)	(0.003)	(0.005)	(0.004)	(0.013)	(0.008)
Constant	13.379***	6.090***		2.720***		6.047***	10.876***
	(0.066)	(0.054)		(0.031)		(0.039)	(0.030)
							
Observations	72	9,959	11,637	86,410	125,180	17,522	20,470
R-squared	0.986	0.918		0.923		0.918	
SS-NN	.04**	.074***	.03***	.054***	.03***	.097***	.051***
SN-NN	-.003	.003	-.008	.01	-.009	.064***	.032***
NS-NN	-.006	.029	-.003	.001	-.003	.042***	.029***
SN-NS	.003	-.026	-.005	.009	-.006	.022*	.003
Srec-Nrec	.019	.05***	.017***	.022***	.018***	.038***	.024***
Ssen-Nsen	.022*	.024**	.012**	.031***	.012*	.06***	.027***
FE	R-R	C-R R-C	C-R R-C	C-C	C-C	C-C	C-C
Number of group			658		9,611		
Robust standard errors in parentheses							
*** p<0.01, ** p<0.05, * p<0.1							
