{\rtf1\fs24

\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx2592\clbrdrt\brdrs\
cellx5184\clbrdrt\brdrs\cellx7056\clbrdrt\brdrs\cellx8928\clbrdrt\brdrs\cellx11088
\ql \cell\qc (1)\cell\qc (2)\cell\qc (3)\cell\qc (4)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx2592\cellx5184\cellx7056\cellx8928\cellx11088
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx2592\clbrdrb\brdrs\cellx5184\
clbrdrb\brdrs\cellx7056\clbrdrb\brdrs\cellx8928\clbrdrb\brdrs\cellx11088
\ql VARIABLES\cell\qc lneducAttainement\cell\qc lncompletion\cell\qc lnenrollment\
cell\qc lnschoolenroll\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx2592\cellx5184\cellx7056\cellx8928\cellx11088
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql lnelec\cell\qc 0.516***\cell\qc 0.301***\cell\qc 0.230***\cell\qc 0.210***\
cell\row
\ql \cell\qc (0.0392)\cell\qc (0.0202)\cell\qc (0.0293)\cell\qc (0.0299)\cell\row
\ql lnGDP\cell\qc -2.234***\cell\qc -0.658***\cell\qc -0.914***\cell\qc -0.939***\
cell\row
\ql \cell\qc (0.290)\cell\qc (0.150)\cell\qc (0.217)\cell\qc (0.222)\cell\row
\ql lntrainedteachers\cell\qc 0.331***\cell\qc 0.0942*\cell\qc -0.219***\cell\qc -
0.361***\cell\row
\ql \cell\qc (0.104)\cell\qc (0.0536)\cell\qc (0.0776)\cell\qc (0.0791)\cell\row
\ql startingage\cell\qc 0.127***\cell\qc -0.165***\cell\qc -0.0392\cell\qc -0.0202\
cell\row
\ql \cell\qc (0.0439)\cell\qc (0.0227)\cell\qc (0.0329)\cell\qc (0.0335)\cell\row
\ql lnratio\cell\qc -0.946***\cell\qc -0.209***\cell\qc 0.272***\cell\qc 0.162**\
cell\row
\ql \cell\qc (0.0860)\cell\qc (0.0444)\cell\qc (0.0644)\cell\qc (0.0656)\cell\row
\ql lnpupils\cell\qc 0.00109\cell\qc -0.00104\cell\qc 0.00783\cell\qc 0.0234\cell\
row
\ql \cell\qc (0.0220)\cell\qc (0.0114)\cell\qc (0.0165)\cell\qc (0.0168)\cell\row
\ql durationPE\cell\qc 0.0210\cell\qc 0.0842***\cell\qc -0.0327*\cell\qc -0.0357*\
cell\row
\ql \cell\qc (0.0237)\cell\qc (0.0123)\cell\qc (0.0178)\cell\qc (0.0181)\cell\row
\ql Constant\cell\qc 1.851***\cell\qc 2.248***\cell\qc 2.184***\cell\qc 2.466***\
cell\row
\ql \cell\qc (0.516)\cell\qc (0.267)\cell\qc (0.386)\cell\qc (0.394)\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Observations\cell\qc 207\cell\qc 207\cell\qc 207\cell\qc 207\cell\row
\trowd\trgaph75\trleft-75\trqc\trbrdrb\brdrs\clbrdrb\brdrs\cellx2592\clbrdrb\brdrs\
cellx5184\clbrdrb\brdrs\cellx7056\clbrdrb\brdrs\cellx8928\clbrdrb\brdrs\cellx11088
\ql R-squared\cell\qc 0.793\cell\qc 0.721\cell\qc 0.342\cell\qc 0.338\cell\row
\pard\qc
Standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}