"Dependent variable";"Log of firm entry" "Estimation period";2008–2014 "Target regions";"All regions" Estimator;Random-effects;Random-effects;Random-effects;Random-effects;Fixed-effects Model;[1];[2];[3];[4];[5] "Institutional variables" "Log of duration of a lawsuit at a regional arbitration court (mean)";"–0.1148 (–0.960)";;;; "Log of duration of a lawsuit at a regional arbitration court (median)";;"–0.0227 (–0.120)";;; "Acceptance rate of petition by regional arbitration courts (%)";;;"–0.0184* (–1.810)";; "Log of lawsuit application number to regional arbitration courts per 1,000 organization";;;;"–0.1705*** (–2.820)"; "Expert criminal risk ranking";"–0.0004 (–0.800)";"–0.0004 (–0.800)";"–0.0003 (–0.610)";"–0.0002 (–0.460)";"–0.0009* (–1.790)" "Economic integration variables" "Log of world oil price";"0.4424*** (14.850)";"0.4425*** (14.970)";"0.4161*** (13.360)";"0.4164*** (13.610)";"0.4217*** (14.530)" "Total trade in % of GRP";"–0.0013 (–1.460)";"–0.0013 (–1.520)";"–0.0011 (–1.040)";"–0.0012 (–1.120)";"–0.0007 (–0.550)" "FDI inflow in % of GRP";"–0.0015 (–0.740)";"–0.0016 (–0.780)";"–0.0014 (–0.620)";"–0.0016 (–0.680)";"–0.0012 (–0.450)" "Log of direct distance from Brussels";"0.1453 (0.870)";"0.1187 (0.690)";"0.1285 (0.760)";"0.1299 (0.840)"; "Control variables" "GRP growth rate (%)";"0.0137*** (6.900)";"0.0136*** (6.850)";"0.0122*** (4.450)";"0.0118*** (4.330)";"0.0104*** (4.280)" "Log of number of credit organizations and their branches per 100,000 residents";"0.0478 (0.750)";"0.0406 (0.620)";"–0.1032 (–1.530)";"–0.0976 (–1.530)";"–0.1923* (–1.690)" "Log of number of PCs with internet connection per 100 workers";"0.2361* (1.800)";"0.2307* (1.730)";"0.1647 (1.120)";"0.1492 (1.040)";"0.1369 (1.020)" "Log of number of firms and organizations per 10,000 residents";"–0.3374*** (–3.270)";"–0.3517*** (–3.470)";"–0.2732** (–2.230)";"–0.3032** (–2.460)";"–0.7550 (–5.310)" "Log of population density";"0.0817*** (4.320)";"0.0764*** (4.070)";"0.0738*** (5.070)";"0.0556*** (4.150)";"0.1892 (0.280)" "Average temperature in January";"0.0024 (0.820)";"0.0025 (0.870)";"–0.0021 (–0.620)";"–0.0016 (–0.500)";"–0.0030 (–0.850)" "Time trend dummy";"–0.0766*** (–3.280)";"–0.0759*** (–3.210)";"–0.0718*** (–2.710)";"–0.0686*** (–2.640)";"–0.0702*** (–2.700)" "Constant term";"3.0643** (2.290)";"2.9831** (2.230)";"4.5010** (2.360)";"4.0051*** (2.750)";"6.2841*** (3.370)" "Control for district-level fixed-effects";Yes;Yes;Yes;Yes;No "Control for individual effects of regions";Yes;Yes;Yes;Yes;Yes N;563;563;576;576;576 "R 2";0.28;0.26;0.29;0.31;0.51 "Breusch–Pagan testa";481.18***;491.66***;422.07***;407.13***;430.93*** Hausman-testb;–;–;–;–;154.50*** "Wald test/F-test (χ2)c";872.52***;881.37***;677.00***;598.94***;57.26***