The name is absent

log(term. rate)

OLS
(1 a)

3SLS
(2 a)

OLS
(3 a)

3SLS
(4 a)

OLS
(5 a)

3SLS
(6 a)

log(capex)

-0.025 **

-0.047 **

-0.026 *

-0.044 **

( 0.012 )

( 0.020 )

( 0.014 )

( 0.021 )

log(weighted av. capex)

-0.042 ***

-0.066 ***

-0.035 ***

-0.061 ***

( 0.011 )

( 0.023 )

( 0.012 )

( 0.023 )

log(market share)

-0.155 ***

-0.147 ***

-0.184 ***

-0.165 ***

-0.173 ***

-0.154 ***

( 0.014 )

( 0.026 )

( 0.015 )

( 0.026 )

( 0.015 )

( 0.027 )

log(market size)

0.251 ***

0.196

0.186 **

0.145

0.229 **

0.192

( 0.096 )

( 0.170 )

( 0.089 )

( 0.170 )

( 0.096 )

( 0.171 )

log(share urban pop.)

-4.679 ***

-8.860 **

-3.426 *

-7.862 *

-3.502 *

-7.574 *

( 1.678 )

( 4.252 )

( 2.067 )

( 4.489 )

( 2.050 )

( 4.465 )

cost-based regulation

0.138 *

0.124 **

0.097

0.123 **

0.101

0.130 **

( 0.075 )

( 0.053 )

( 0.068 )

( 0.053 )

( 0.068 )

( 0.053 )

incentive regulation

0.090 ***

0.062

0.094 ***

0.053

0.097 ***

0.057

( 0.025 )

( 0.042 )

( 0.024 )

( 0.043 )

( 0.024 )

( 0.043 )

netmonopoly reg.

0.009

-0.037

-0.020

-0.051

-0.015

-0.048

( 0.023 )

( 0.045 )

( 0.022 )

( 0.047 )

( 0.022 )

( 0.047 )

GSM 1800

0.103 ***

0.109 ***

0.103 ***

0.124 ***

0.094 ***

0.115 ***

( 0.018 )

( 0.039 )

( 0.017 )

( 0.039 )

( 0.017 )

( 0.039 )

constant

-3.146 ***

--

-2.294 ***

--

-2.563 ***

—

( 0.752 )

--

( 0.736 )

--

( 0.744 )

—

country dummies included

year dummies included

# Obs.

799

510

731

500

799

500

F (df)

1263.5 (28)

47046.9 (26)

1390.5 (27)

45985.5 (26)

1263.5 (28)

46401.4 (27)

"R2"__________________

0.955

0.949

0.957

0.950

0.955

0.950

log(MOU inc.)

Ols

3SLS

Ols

3SLS

OlS

3SLS

(1 b)

(2 b)

(3 b)

(4 b)

(5 b)

(6 b)

log(capex)

0.009

-0.002

0.005

-0.009

( 0.008 )

( 0.012 )

( 0.008 )

( 0.013 )

log(weighted av. capex)

0.045 ***

0.037 ***

0.053 ***

0.036 ***

( 0.012 )

( 0.014 )

( 0.009 )

( 0.014 )

log(term. rate)

0.008

-0.203

-0.058 ***

-0.248 *

0.021

-0.271 *

( 0.015 )

( 0.158 )

( 0.022 )

( 0.147 )

( 0.017 )

( 0.160 )

log(market share)

0.969 ***

0.937 ***

1.237 ***

0.940 ***

0.985 ***

0.940 ***

( 0.014 )

( 0.024 )

( 0.018 )

( 0.025 )

( 0.014 )

( 0.025 )

log(market size)

0.122 **

0.137 *

-0.190 **

0.131 *

0.125 **

0.143 *

( 0.056 )

( 0.074 )

( 0.081 )

( 0.076 )

( 0.064 )

( 0.079 )

log(share urban pop.)

-7.302 ***

-8.466 ***

-9.833 ***

-9.336 ***

-8.067 ***

-9.408 ***

( 0.920 )

( 1.574 )

( 1.380 )

( 1.525 )

( 1.064 )

( 1.587 )

post paid

0.000 ***

0.000 ***

-0.000 **

0.000 ***

0.000 ***

0.000 ***

( 0.000 )

( 0.000 )

( 0.000 )

( 0.000 )

( 0.000 )

( 0.000 )

cost-based regulation

-0.005

0.021

0.049 *

0.024

-0.008

0.029

( 0.018 )

( 0.031 )

( 0.026 )

( 0.030 )

( 0.020 )

( 0.032 )

incentive regulation

0.024

0.036 **

0.081 ***

0.046 **

0.033 **

0.049 **

( 0.018 )

( 0.021 )

( 0.021 )

( 0.021 )

( 0.016 )

( 0.022 )

netmonopoly reg.

0.060 ***

0.050 **

0.099 ***

0.062 ***

0.077 ***

0.062 ***

( 0.016 )

( 0.022 )

( 0.023 )

( 0.023 )

( 0.018 )

( 0.024 )

constant

0.382

--

1.769

--

0.062

—

( 0.683 )

--

( 1.099 )

--

( 0.771 )

—

country dummies included

year dummies included

# Obs.

510

510

500

500

500

500

F (df)

742.2 (26)

955946.2 (27)

740.9 (26)

877385.2 (27)

713.2 (27)

12659.96 (27)

"R2"__________________

0.972

0.965

0.975

0.963

0.975

0.961