The result structures for the different specifications of Table 1 are given in the .mat files with names, eg, like "A_1986_2008.mat" which contains the structure "reg_star" with results for panel A underneath the 1986-2008 column. For panel A, the results structures are "reg_star" while for panels B & C they are "tobit_star." The "B_1986_2008" result is identical to the "A_1986_2008" result, as mentioned in the paper, and therefore excluded.

The results are the output of the code "Results_Main_2016_public.m." This uses the included "BC_and_H.mat" data. The code requires LeSage's spatial econometrics toolbox, publicly available.