	(1)	(2)	(3)
VARIABLES	stand_TE	stand_TE	stand_TE
			
stand_CE	-0.304***	-0.304***	-0.327***
	(0.032)	(0.032)	(0.031)
Digital			-0.385***
			(0.132)
Transport			0.234***
			(0.065)
Water			-0.110
			(0.097)
Constant	-0.001	-0.001	-0.093*
	(0.027)	(0.027)	(0.051)
			
Observations	1,177	1,177	1,177
Year FE	Yes	Yes	Yes
Region FE	No	Yes	Yes
R2	0.180	0.180	0.207
AdjR2	0.137	0.137	0.163
WithinR2	0.0752	0.0752	0.103
Standard errors in parentheses			
*** p<0.01, ** p<0.05, * p<0.1			
