Making Use Of Cross-State Variation
dining dining Table 4 presents the outcome of regressions using cross-state regulatory variation. Each line corresponds to a separate regression associated with type provided in Equation (1). These regressions assist us comprehend the efforts of varied regulatory equipment.
The column that is first costs per $100 whilst the reliant adjustable. Only two coefficients is significant: the purchase price cap on a $300 loan, therefore the maximum loan size. It is possible to imagine why the cost limit would make a difference for the cost, together with coefficient of 0.25 means that for every $1 the purchase price cap grows, the real cost goes up 75 cents. 8 it really is more challenging to understand why the dimensions cap would make a difference for the cost. a most likely description are that this really is as a result of functional type utilized to convey the cost limit within the regressions.