;brand_CR5;"Pool matched";"Pool unmatched";"FE matched";"FE unmatched";(1);(2);(3);(4) "Log (GDP_per_capita)";-4.898***;-3.709***;0.331;0.313 ;(0.529);(0.507);(0.295);(0.310) "Share of internet users";-0.075***;-0.019;0.008;0.016** ;(0.020);(0.020);(0.008);(0.007) "Share of urban population";0.089***;0.118***;-0.072;-0.083 ;(0.023);(0.021);(0.059);(0.057) Year_0;-1.666;1.030;0.388;0.235 ;(1.272);(1.454);(0.249);(0.270) Year_1;0.004;1.231;0.467**;0.443* ;(1.110);(1.428);(0.221);(0.257) Year_2;0.151;1.098;0.392*;0.264 ;(1.103);(1.375);(0.207);(0.241) Year_3;-0.212;0.469;0.475**;0.377* ;(1.112);(1.325);(0.190);(0.219) Year_4;-0.280;0.102;0.529***;0.270 ;(1.159);(1.342);(0.185);(0.211) "Distance trade legalized";-0.295;-2.587*;-0.678**;-0.589* ;(1.188);(1.346);(0.323);(0.354) "Health expenditure";0.276*;0.406***;0.311***;0.143 ;(0.146);(0.140);(0.103);(0.094) "Share of pensioners";1.036***;1.326***;-0.531**;-0.390* ;(0.209);(0.197);(0.246);(0.220) "Share of pensioners2";-0.051***;-0.055***;0.003;0.001 ;(0.009);(0.008);(0.007);(0.006) "Share of pensioners *Distance_trade legalized";0.094;0.024;0.041**;0.033 ;(0.089);(0.105);(0.018);(0.024) "Life expectancy";0.674***;0.245***;0.653***;0.537*** ;(0.074);(0.072);(0.112);(0.099) Constant;4.044;18.000***;; ;(4.713);(4.403);; Observations;724;724;724;724 R2;0.189;0.239;0.113;0.121 "Adjusted R2";0.173;0.224;-0.041;-0.032 "F Statistic";"32.598*** (df = 14; 709)";"15.922*** (df = 14; 709)";"6.892*** (df = 14; 616)";"6.036*** (df = 14; 616)" Note:;*p**p***p<0.01