	(1)	(2)	(3)	(4)	(5)
	reg1	reg2	reg3	reg4	reg5
VARIABLES	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18
					
Bartik_ex_JPM_USratio	-0.5593	-3.4701***	-2.4815*	-3.5134*	-6.6363**
	(0.8543)	(1.0308)	(1.2950)	(1.8701)	(2.7734)
1.if_SOE#c.Bartik_ex_JPM_USratio	-9.9141***				
	(3.0404)				
1.Export_TOP20#c.Bartik_ex_JPM_USratio		4.7911**			
		(2.1919)			
1.Export_TOP40#c.Bartik_ex_JPM_USratio			-0.4145		
			(1.8531)		
1.Export_TOP60#c.Bartik_ex_JPM_USratio				1.2991	
				(2.1240)	
1.Export_TOP80#c.Bartik_ex_JPM_USratio					4.8254
					(2.9344)
					
Observations	5,136	5,136	5,136	5,136	5,136
Adjusted R-squared	0.6941	0.6922	0.6917	0.6917	0.6922
Robust standard errors in parentheses					
*** p<0.01, ** p<0.05, * p<0.1					
