;CR5 ;"FE unmatched";"FE matched" "Log (GDP_per_capita)";-0.516;-0.842 ;(0.666);(0.647) "Share of internet users";0.052***;0.059*** ;(0.015);(0.016) "Share of urban population";0.494***;0.549*** ;(0.123);(0.126) Year_0;1.579***;1.412*** ;(0.582);(0.517) Year_1;1.526***;1.465*** ;(0.553);(0.475) Year_2;0.954*;1.063** ;(0.518);(0.448) Year_3;0.627;0.540 ;(0.471);(0.413) Year_4;1.143**;1.016** ;(0.453);(0.405) "Distance trade legalized";1.122;1.168* ;(0.762);(0.691) "Health expenditure";-0.030;-0.004 ;(0.203);(0.214) "Share of pensioners";1.030**;0.777 ;(0.474);(0.515) "Share of pensioners2";-0.012;-0.006 ;(0.013);(0.015) "Life expectancy";-0.056;-0.230 ;(0.213);(0.228) "Share of pensioners *Distance_trade legalized";-0.242***;-0.230*** ;(0.051);(0.040) Observations;724;724 R2;0.266;0.263 "Adjusted R2";0.138;0.135 "F Statistic (df = 14; 616)";15.917***;15.079*** Note:;"*p<0.1, **p<0.05, ***p<0.01"