	(1)	(2)	(3)
VARIABLES	stand_TE_first_time	stand_TE_first_time	stand_TE_first_time
			
stand_CE	-0.335***	-0.385***	-0.384***
	(0.064)	(0.070)	(0.069)
Digital			-0.211
			(0.300)
Transport			0.355**
			(0.152)
Water			0.155
			(0.216)
Constant	-0.035	-0.041	-0.242**
	(0.057)	(0.057)	(0.119)
			
Observations	286	286	286
Year FE	Yes	Yes	Yes
Region FE	No	Yes	Yes
R2	0.240	0.255	0.279
AdjR2	0.0817	0.0807	0.0986
WithinR2	0.101	0.113	0.130
Standard errors in parentheses			
*** p<0.01, ** p<0.05, * p<0.1			
