Table six gift ideas comes from several split up-trials. Line 1 replicates Line six out of Table 5 to your sandwich-sample regarding zip codes which have 1–step 3 lender twigs, Column dos do an identical however, towards sandwich-test from zero requirements with 4–6 lender branches, Line 3 does an equivalent on the sub-try out of zero requirements which have eight–nine financial branches, and Column cuatro is actually for new sub-test away from zip rules which have 10 or maybe more lender branches. The coefficient toward Black colored into the Column 4 (? 0.104) was larger than brand new coefficient into the Black colored into the Column step one (? 0.241), suggesting one to large numbers of financial branches helps you to attenuate the newest chief perception.
Certain worry should be removed whenever interpreting this type of abilities, yet not. During the Table 6, the latest coefficient on the White together with expands when raising the number of lender branches (0.267 from inside the Line 1 and you can 0.398 when you look at the Line 4), indicating that everybody advantages of huge money as number of bank twigs expands. Knowing whether the differential ranging from Monochrome borrowers change, i contrast the differences during the Monochrome coefficients in the per instance. The real difference from inside the Line step 1 (0.267–(? 0.241)) try 0.508. The real difference into the Line 4 (0.398–(? 0.104)) is 0.502. The essential difference between those two is quite quick (0.006), and not mathematically significant based on the standard errors. To see it a whole lot more myself, we are able to go through the coefficient with the Black colored into similar split-take to regressions into sandwich-take to regarding money wherein competition are advertised, that’s shown within the Appendix Desk 10. Fortsätt läsa ”2nd, i envision the way the main effect varies depending on the exposure from bank twigs”