Table 8 Open in new tab Directional... | Oxford Academic

Table 8

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Directional returns for total accidents results using linear and negative binomial fixed effects panel regression

	Total accidents
Model specification	Linear	Negative Binomial
Directional returns
Positive returns	0.007^***	0.005^***
	(0.002)	(0.002)
Negative returns	0.012^***	0.010^***
	(0.003)	(0.002)
Period fixed effects	Yes	Yes
GOR-month fixed effects	Yes	Yes
N	48,211	48,211

	Total accidents
Model specification	Linear	Negative Binomial
Directional returns
Positive returns	0.007^***	0.005^***
	(0.002)	(0.002)
Negative returns	0.012^***	0.010^***
	(0.003)	(0.002)
Period fixed effects	Yes	Yes
GOR-month fixed effects	Yes	Yes
N	48,211	48,211

Notes: The linear model uses logarithms. Standard errors clustered by region–month are shown in parentheses.

p < 0.01,

p < 0.05,

p < 0.1.

Source: Authors’ calculations.

Table 8

Open in new tab

Directional returns for total accidents results using linear and negative binomial fixed effects panel regression

	Total accidents
Model specification	Linear	Negative Binomial
Directional returns
Positive returns	0.007^***	0.005^***
	(0.002)	(0.002)
Negative returns	0.012^***	0.010^***
	(0.003)	(0.002)
Period fixed effects	Yes	Yes
GOR-month fixed effects	Yes	Yes
N	48,211	48,211

	Total accidents
Model specification	Linear	Negative Binomial
Directional returns
Positive returns	0.007^***	0.005^***
	(0.002)	(0.002)
Negative returns	0.012^***	0.010^***
	(0.003)	(0.002)
Period fixed effects	Yes	Yes
GOR-month fixed effects	Yes	Yes
N	48,211	48,211

Notes: The linear model uses logarithms. Standard errors clustered by region–month are shown in parentheses.

p < 0.01,

p < 0.05,

p < 0.1.

Source: Authors’ calculations.