	(1)	(2)	(3)	(4)
	reg1	reg2	reg3	reg4
VARIABLES	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18	lnMerge_OFDI_sum18
				
Bartik_ex_JPM_USratio	2.8045***	-2.0233***	-2.2048***	-2.6628***
	(0.4300)	(0.4777)	(0.6156)	(0.9419)
				
Observations	5,136	5,136	5,136	5,136
Adjusted R-squared	0.0071	0.2132	0.5311	0.6918
Robust standard errors in parentheses				
*** p<0.01, ** p<0.05, * p<0.1				
