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Specification 1 (results in table 2)
<math>\[u_{jt} = d_{t} + \delta_{j} + \sum\limits_{t>=1600} \alpha_{t}. \cdot WE_{j}. \cdot d_{t} + \sum\limits_{t>=1500} \beta_{t} \cdot PAT_{j} \cdot d_{t}+X_{jt} \cdot \gamma +\epsilon_{jt}\]</math>
=== What do the authors tests achieve?===
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