	(1)	(2)	(3)	(4)	(5)	(6)	(7)
	reg1	reg2	reg3	reg4	reg6	reg7	reg5
VARIABLES	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18
							
Bartik_ex_JPM_USratio	-2.4883***	-2.4592**	-2.2506**	-2.9024***	-2.8711***	-3.6182***	-2.0232*
	(0.9597)	(0.9844)	(1.0419)	(0.9643)	(0.9454)	(1.0699)	(1.0408)
							
Observations	2,520	1,800	2,280	4,280	5,088	4,248	3,816
Adjusted R-squared	0.7059	0.6890	0.6898	0.7436	0.6917	0.6768	0.6892
Robust standard errors in parentheses							
*** p<0.01, ** p<0.05, * p<0.1							
