{\rtf1\fs24

\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx2160\clbrdrt\brdrs\
cellx3744
\ql \cell\qc (1)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx2160\cellx3744
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx2160\clbrdrb\brdrs\cellx3744
\ql VARIABLES\cell\qc logvio\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx2160\cellx3744
\ql \cell\qc \cell\row
\ql shall\cell\qc -0.288***\cell\row
\ql \cell\qc (0.0337)\cell\row
\ql incarc_rate\cell\qc 0.00193***\cell\row
\ql \cell\qc (0.000114)\cell\row
\ql density\cell\qc -0.00887\cell\row
\ql \cell\qc (0.0139)\cell\row
\ql avginc\cell\qc 0.0129\cell\row
\ql \cell\qc (0.00796)\cell\row
\ql pop\cell\qc 0.0408***\cell\row
\ql \cell\qc (0.00252)\cell\row
\ql pb1064\cell\qc 0.1000***\cell\row
\ql \cell\qc (0.0182)\cell\row
\ql pw1064\cell\qc 0.0401***\cell\row
\ql \cell\qc (0.00912)\cell\row
\ql pm1029\cell\qc -0.0444**\cell\row
\ql \cell\qc (0.0175)\cell\row
\ql Constant\cell\qc 2.948***\cell\row
\ql \cell\qc (0.569)\cell\row
\ql \cell\qc \cell\row
\ql Observations\cell\qc 1,173\cell\row
\ql Number of year\cell\qc 23\cell\row
\trowd\trgaph75\trleft-75\trqc\trbrdrb\brdrs\clbrdrb\brdrs\cellx2160\clbrdrb\brdrs\
cellx3744
\ql R-squared\cell\qc 0.580\cell\row
\pard\qc
Standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}