Table 2: TFP	
	(1)
VARIABLES	vbl
	
L1vbl	0.226***
	(0.0153)
L2vbl	0.0221
	(0.0143)
shock	-0.0207***
	(0.00420)
L1shock	-0.0259***
	(0.00416)
L2shock	0.00766*
	(0.00403)
Constant	0.00966***
	(0.000660)
	
Observations	3,782
Number of ifscode	114
R-squared	0.081
Standard errors in parentheses	
*** p<0.01, ** p<0.05, * p<0.1	
